Please contact us if you require
additional information on the above properties.

Raynesford, MT Main Post Office (Sold)

Purchase Price $ 108,200        CAP 8.25%

Building Size -  823 sq. ft.      Site Size -  10,600 sq. ft.       Occupied by the USPS in 1987
​​Current lease term -  November 1, 2012 to October 31, 2017 with rent at $$9,053 per year. The USPS has also executed a new lease from November 1, 2017 to October 31, 2022 with rent at $9,835 per year.

Renewal Options - None remain.

Taxes - USPS reimburses for property taxes.

Maintenance - USPS Partial Maintenance Rider         Termination Rider - None 

Chloride, AZ Main Post Office  (SOLD)

Purchase Price - $ 79,990       CAP - 8.85  %

Building Size: 1,309 sq. ft.    Site size:  1,309 sq. ft.

Lease:  The current lease expires December 31, 2019.  The rent is $7,875 per year, or $6.02/sq. ft. 

Maintenance - Landlord Responsibility       Taxes -  USPS Reimburses                           Termination Rider - None

Fairview, MT Main Post Office (Sold)

Purchase Price $ 196,200    CAP 8.00 %

Building Size -  2,143 sq. ft.             Site Size - 7,200 sq. ft.      Occupied by the USPS in 1961  

Current lease - February 1, 2015 to January 30, 2020

Renewal Options -   None                Taxes -  USPS reimburses for property taxes

Maintenance - USPS Partial Maintenance Rider        Termination Rider - None

Real Estate Asset Counseling, Inc. (REAC) assists our clients in identifying properties to purchase that are leased to the United States Postal Service or to another governmental agency. We will provide you our perspective of how the USPS would assess a particular location for potential closure or consolidation in the future. The USPS conducts an operational assessment on many of their facilities when they are considering closing or consolidating a specific Post Office. We are experienced in the methodology they use to make such determinations.

Investing in Post Office properties and other governmental buildings is generally a wise use of your funds. Let us help you make the right decision when you are considering the purchase of a specific building. Contact us before you approach a prospective seller and we can help you evaluate the property before you submit an offer to purchase the building. We can also help you interpret the underlying lease for the property and provide our assessment on the pros and cons of the lease. We are often asked by owners to assist them in selling their property, and we are happy to identify in this section selected properties that we recommend you consider purchasing.

Vicco, KY Main Post Office  (Sold)

Purchase Price $ 81,600   CAP 10.7%

Building size: 2,400  sq. ft.  Site size:  6,800 sq ft  (USPS leases 1,353/sq ft of the building)

Occupied in 1982.  USPS Lease Term: 1/1/2016 to 12/31/2021.  Rent is $7,500/year from the USPS and $3,600/year from lease of additional office space. 

Renewal Options - None         Taxes - Landlord Pays

Maintenance - USPS Partial Maintenance Rider   Termination Rider - Yes, 360 notice period

Properties For Sale

Dickinson, TX Main Post Office (Temporarily Off Market)

Purchase Price - $706,500   CAP - 7.50 %

Building Size -  7,427 sq. ft. ​     Site Size -  44,370 sq. ft

Lease - From March 1, 2015 to February 29, 2020. Rent is $63,111 per year.

Renewal Options - None remain.  Maintenance-  USPS Partial Maintenance Rider

Taxes- USPS Tax Reimbursement Rider          ​Purchase Rider - None

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Jefferson City, MT Main Post Office (Sold)

Purchase Price $146,390   CAP 8.25%

Building Size - 841 sq. ft.           Site Size - 39,317 sq. ft.              Occupied by the USPS -1989   ​    

Current lease -  August 1, 2009 through July 31, 2019, with rent at $13,000 per year, or $15.46/sq. ft.

Renewal Options - None                   Taxes - USPS Reimburses

Maintenance  - USPS Partial Maintenance Rider

Termination Rider - None                  Purchase Rider - Yes, for $250,000 on 7/31/2019  



Elbridge, NY Main Post Office  (Sold)

Purchase Price $296,975   CAP 8.00%

Building Size:  2,052 sq ft.  Site Size: 10,765 sq ft.     Occupied in 1962.

Current lease term - January 27, 2017 through January 26, 2022. Rent is $26,676/year or $13.00/sq ft.  No renewal option remains in the lease.

Taxes -  Reimbursed by the USPS.     Purchase Options  None.

Maintenance - Landlord Maintenance Rider  Termination Rider - Yes, with 1,095 day notice.

Patagonia, AZ Main Post Office  (SOLD)

Purchase Price - $ 171,550       CAP - 8.50  %

Building Size: 1,920  sq. ft.    Site size:  20,350 sq. ft.

Lease:  The current lease expires April 30, 2021.  The rent is $23,136 per year, or $12.05/sq.ft.  The Landlord leases the land from the City of Patagonia on a long term lease. See "Additional Information" for details.

Maintenance - Landlord Responsibility       Taxes -  USPS Reimburses                           Termination Rider - None

Ebervale, PA Main Post Office

Purchase Price $175,000    CAP 8.16%

Building Size - 928 sq. ft.    Site Size -43,770 sq. ft.     Built new specifically for the USPS in 1989.

Current lease term expires June 30, 2019  with rent at $15,408 per year, or $16.60/square foot. 

Renewal Options - None remain..

Taxes - Reimbursed by the USPS.

Maintenance - USPS Partial Maintenance Rider.        Termination Rider - No 

Purchase Option - Yes. The next option is for $401,076.

Real Estate Asset

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Raisen City, CA  Main Post Office 

Purchase Price $ 360,000   CAP 7.22%        

Building Size - 1,773 sq. ft.              Site Size - 22,500 sq. ft.         Occupied by the USPS in 1986.    

Current lease term - Current lease began February 1, 2017 and expires January 31, 2022 with rent at $27,665 per year or $15.60 per square foot.

Renewal Options - One remains with rent at $30,430 per year that extends occupancy to January 31, 2027.

Taxes - Reimbursed by the USPS                Purchase Option - None

Maintenance - USPS Partial Maintenance Rider.      Termination Rider - None

West Farmington, ME Main PO  (Sold)

Purchase Price - $ 175,000         CAP -   8.50 %

Building size: 836  sq. ft.       Site size: 18,240 sq. ft.

Lease:  From 2/1/2000 to 1/31/2020, with rent at $44,152.75 per year.  Please see the Additional Information for clarification on the current and future rent payments.

Maintenance - USPS Partial Maintenance Rider           Taxes - USPS Reimburses                      

Termination Rider - None           Purchase Rider - Yes, see Additional Information for details

Skiatook, OK Main Post Office 

Purchase Price $ 381,325     CAP 8.25%

Building Size - 4,076 sq ft            Site Size - 15,750 sq ft     Occupied by the USPS in 1969.

Current Lease Term is from June 1, 2013 to May 31, 2018 with rent at $ 24,456 per year, or $6.00/sq. ft.  The USPS has exercised the next renewal option to extend occupancy to May 31, 2023 with rent at $35,220 per year.

Renewal Option - None remain.

Maintenance - Landlord Maintenance Rider.  New roof in 2017 and new HVAC units.

Taxes - USPS Reimburses      Purchase Option - None

Edgerton, WY Main Post Office

Purchase Price - $ 83,000    CAP -  8.55%

Building size:  842 sq. ft.          Site Size - 3,890 sq. ft.

Lease:  6/1/2016 to 5/31/2021.  Rent is $8,400 per year.

Renewal Options - None

Maintenance Rider - USPS Partial Maintenance       Tax Rider - None

Silver Creek, WA Main Post Office (Sold)

Purchase Price $ 113,100    CAP 8.25%​

Building Size - 522 sq. ft.        Site Size -  17,400 sq. ft.     Occupied by the USPS in 1988.

Current lease term expires January 31, 2018 with rent at $9,256.50 per year, or $17.73/square foot. A new lease has been negotiated to extend occupancy to 1/31/2023 with rent to increase to $10,000 per year.

Renewal Options - One in the new lease   Taxes - USPS Reimburses.  Termination Rider - Yes, 180 day notice in the current lease.  However, there is no termination rider in the new lease.

Maintenance - USPS Partial Maintenance Rider.    

Spirit Lake, IA Main Post Office  (Sold)

Purchase Price $ 582,900    CAP 8.00%

Building Size - 5,304 sq. ft.              Site Size - 17,424  sq. ft.    Occupied by the USPS in 1967

Current lease term - From November 1, 2012 to October 31, 2017 with rent at $45,747 per year. The USPS has executed a new lease from November 1, 2017 to October 31, 2022 with rent at $51,832 per year.

Renewal Options -  None     Taxes -  USPS Reimburses    Termination Rider - None

Maintenance - Landlord Maintenance Rider. 

Sedley, VA Main Post Office

Purchase Price - $ 75,000       CAP - 8.05% 

Building Size: 1,008 sq. ft.    Site size:  7,208 sq. ft.

Lease:  The current lease expires April 19, 2019.  The rent is $5,868 per year, or $5.82/sq. ft.   A new lease has been approved by the USPS to extend occupancy to April 19, 2023 with rent at $9,000 per year.  There are two remaining renewal options.

Maintenance - Landlord Responsibility       Taxes -  Landlord pays     

Termination Rider - Yes, 180 day notice period to the USPS.

Linesville, PA Main Post Office 

Purchase Price - Call for Pricing     

Building size: 2,916 sq ft     Site size:  9,225 sq ft

Lease:  A new lease began April 1, 2017 and will end March 31, 2027.

Rent:  $33,600 per year.

Maintenance - Landlord Responsibility    Taxes - USPS Reimburses    

Termination Rider - 180 day notice beginning year five of the new lease.

Malcolm, NE Main Post Office  (Under Contract)

Purchase Price $ 74,280         CAP 8.25  %

Building Size - 1,056 square feet.              Site Size - 4,236 square feet      

Current lease term - Lease expires August 21, 2018. However a new five year lease has been executed by the USPS that will extend occupancy to August 21, 2023.  Rent up to August 21, 2018 will be $6,000 per year. It will increase to $7,200 per year on August 21, 2023.

Renewal Options - One remains to extend occupancy to August 21, 2028 with rent at $8,280/year.

Taxes -  USPS Reimburses for taxes.   Maintenance - ​ Landlord Responsibility. New roof installed in 2017

Termination Rider - None in the new lease for the base term.  180 day notice for the USPS during the renewal option.

Garden City, TX Main Post Office (SOLD)

County Seat of Glassrock County

Purchase Price $ 89,5000   CAP  8.20%

Building Size - 1,045 sq. ft.                  ​Site Size - 19,500 sq. ft.   Occupied by the USPS in 1975.

Current lease term expires June 30, 2020 with rent at $9,295 per year, or $8.89/sq ft.   

Renewal Options - None remain.

Taxes - Landlord Pays                Purchase Option - None

Maintenance - Landlord Responsibility       Termination Rider - None

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