Description

The Ficke Team of Colliers has been exclusively retained to market the Office of Hearings Operations (OHO) Field Office in downtown Memphis, a specialized judicial facility designed to accommodate seven administrative law judges conducting Social Security Disability and Supplemental Security Income hearings. Built to meet stringent General Services Administration specifications, the property includes judge chambers, hearing rooms, administrative offices, and a dedicated library, tailored for federal judicial operations. The asset is secured by a recently extended 10-year lease with the Office of Hearings Operations, featuring a five-year firm, non-cancellable term and backed by the full faith and credit of the U.S. government (Moody’s Aaa), offering investors stable, long-term income. Situated in Memphis—Tennessee’s second-largest city and a major economic hub along the Mississippi River—the property benefits from a strong regional profile supported by major institutions like University of Memphis, Rhodes College, and Christian Brothers University, as well as cultural landmarks such as Graceland and Sun Studio. Known for its vibrant music heritage and events like the World Championship Barbecue Cooking Contest, Memphis provides a dynamic backdrop that supports continued economic activity and long-term investment stability.