Onida, SD Main Post Office (Sold)

This property is being offered with the Onida, SD FSA Office and Worthing, SD MPO

Purchase Price $252,500          CAP 7.25%

Building Size - 2,088 sq. ft.             Site Size - 5,808 sq. ft.            Occupied by the USPS in 1964.

Current lease term - The lease began August 1, 2017 and expires July 31, 2022 with rent at $20,040 per year, or $9.60/sq. ft.  The USPS has exercised their next renewal option to extend occupancy to July 31, 2027 with rent at $22,040 per year.

Renewal Options -  None                Taxes  Landlord is responsible for payment of property taxes.

Termination Rider - None     ​      Maintenance - Landlord Maintenance Rider

Oakhurst, TX Main Post Office (Sold)

Purchase Price - $159,500   CAP - 7.00%

Building Size -  1,392 sq. ft. ​     Site Size -  14,995 sq. ft

Lease - From June 1, 2016 to May 31, 2021. Rent is $12,240 per year. The USPS has exercised their next renewal option to extend occupancy to May 31, 2026 with rent at $12,900 per year.

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

Taxes- USPS Tax Reimbursement Rider.          ​Purchase Rider - None

Worthing, SD Main Post Office (Sold)

This property is being sold with the Onida, SD MPO and Onida, SD FSA

Purchase Price $138,800           CAP 7.25%

Building Size - 1,080 sq. ft.             Site Size - 6,500 sq. ft.          Occupied by the USPS in 1976.

Current lease term - A new lease will begin June 1, 2021 and expire May 31, 2026 with rent at $11,880 per year.

Renewal Options -  None remain.          Termination Rider - None

Taxes -  Landlord responsibility. Is not reimbursed by the USPS        

Maintenance - Landlord Maintenance Rider   

Properties For Sale

Bay Springs, MS Main Post Office (Under Contract)

Purchase Price $257,500   CAP  9.50%

Building  Size -  3,990 sq. ft. for USPS Leased Space                        

Current lease term expires May 31, 2026 with rent at $39,400 per year, 

Renewal Options - Two options with rents increasing to $44,128  and $49,423. 

Operating Expenses: Landlord responsible for taxes and is not reimbursed by the USPS.  Landlord is responsible for maintenance and repairs to the premises.  Landlord pays the utility expenses, The USPS pays for  custodial services. 

Termination Rider - Yes, 30 days notice.

Review the Additional Information material to learn more about this property.              


Sedley, VA Main Post Office 

Purchase Price $86,500          CAP  7.51%

Occupancy Date: 1962   Building Size - 1,008 sq. ft. Site Size - 7,208 sq. ft.      

Lease Term: From April 20, 2019 to April 19, 2024.  Rent is $9,000 per year, or $8.93/sq. ft.    Two renewal options remain with the rent payments at $9,675 and $10,400. 

Maintenance -   Landlord Maintenance Rider.

Taxes:  Landlord pays and is not reimbursed by the USPS. 

Termination Rider - Yes

Retail Hours:  Open six (6) per day, Monday - Friday.

 

Saved for a New Listing 

Purchase Price - $     CAP -  %

Building size:   sq. ft.          Site Size -  sq. ft.          USPS occupancy began .

Lease: 

Renewal Options - T

Maintenance Rider -  Maintenance Rider      Tax Rider

Termination Rider - 

Onida, SD Farm Service Agency (Sold)

Property is offered with the Onida, SD MPO and Worthing, SD MPO

Purchase Price $407,000    CAP 7.25%

Building Size - 2,782 sq. ft. . 

Farm Service Agency: Lease began September 1, 2013 and expires August 31, 2023. Rent is $43,342 per year. 

Renewal Options - No renewal options remain. 

Please review the "Additional Information" document for details on taxes and operating costs.                                      


Indio, CA Land for Sale (Sold)

Purchase Price $1,169,000     CAP 6.40%

Site Size - 37,500 sq. ft.             

Current Lease Term:   Began May 15, 2019 and expires May 14, 2024 . Rent is $84,150 per year through May 14, 2022 and then increases 2% each of the three remaining years in the lease..   

Renewal Option - None remain.

Maintenance - USPS Maintenance Rider.  

Taxes - Landlord pays taxes and is not reimbursed     Termination Rider - None

Real Estate Asset

Reserved for a New Listing  

Purchase Price - $     CAP - %              Age -

Building Size:               sq. ft.    Site size:           sq. ft.

Lease: Current lease expires ..................   Rent is $......... per year.

Maintenance - .............Maintenance Rider            Taxes -  USPS Reimbursement Rider 

Termination Rider - None                   Purchase Rider - None

   CALL US  (800) 405-7179

The Most Experienced Consulting Team in the Market!​

Sidney, AR MPO

Purchase Price $79,500          CAP 8.20%

Building size - 1701 sq. ft. (USPS Leases 704 sq. ft., and a private tenant leases the remaining space).               Site Size - 40,000 sq. ft.                    Occupied by the USPS in 1989.

Lease term - Current lease expires May 31, 2022 with rent at $5,280 per year, or $7.50/sq. ft. 

Renewal Options - One remains with the rent increasing to $5,808 per year, or $8.25/sq. ft.

Maintenance Rider - USPS Maintenance Rider (Partial)

Termination Rider - None.       

Tax Rider - USPS Reimbursement Rider



Reserved for a New Listing

Purchase Price -                CAP  %

Building Size:        sq. ft.    Site size:      sq. ft.           USPS occupancy began    .

Lease:  

Renewal Options:   

Maintenance -                                       Taxes -    

Termination Rider -

San Ygnacio, TX Main Post Office 

Purchase Price $499,950    CAP 6.50%

Building Size - 2,090 sq. ft.     Site Size - 27,686 sq. ft.     Occupied by the USPS - 1999

Lease Term - April 20, 2019 to April 19, 2024.  Rent is $34,896 per year, or $16.70/sf.

Renewal Options -  One remains with rent at $55,992 per year.

Taxes - Reimbursed by the USPS.

Maintenance  - USPS Maintenance Rider.  

Termination Rider - None                 



Dubois, WY Forest Service Office (SOLD)

Purchase Price $1,235,000        CAP 6.48%

Building Size - 8,262 sq. ft.         Forest Service Office occupies 4,199 rentable  square feet.       Occupied in 1992

​​Lease Term:  Forest Service Lease began August 10, 2018 and ends August 9, 2038. Rent is $99,474 for ten years (firm term) and $92,378 for the last ten years (non-firm term).

Renewal Options: None

The lessor leases out the remainder of the premises to private tenants. 

The Forest Service lease is a full service lease. The private tenant lease terms have the tenants being responsible for maintenance, custodial services and payment of their utilities.

Reserved for a New Listing

Purchase Price - $    CAP - %

Building Size:   sq. ft.    Site size:  sq. ft.

Lease: 

Maintenance -             Taxes -              Termination Rider - 

Woodstock, IL Social Security Administration Office (SSA)

For sale with the Freeport, IL SSA Office

Purchase Price $945,600         CAP 7.50%

Building Size - 6,800 sq. ft.         ​Site Size - 6,300 sq. ft.          Occupied by the USPS:  1968

Lease term: From January 11, 2016 to January 10, 2026.

​Rent is $161,852 per year which includes a TI Improvement payment of $12,242 and an Operating Cost payment of $59,025.

Renewal Options - None

Termination Option - Yes, after January 10, 2021 with 90 days written  notice.


Reserved for a New Listing

Purchase Price - $    CAP - %

Building Size:   sq. ft.    Site size:  sq. ft.    Occupancy Date - 

Lease: C 

Renewal Option - 

Maintenance - Landlord Maintenance Rider            Taxes -  USPS Reimbursement 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.

Freeport, IL Social Security Administration Office 

(For sale along with the Woodstock, IL SSA Office)

Purchase Price $442,350         CAP 8.50%            

Building size: 3,550 sq. ft.

Lease term - Lease term began December 10, 2016 and ends December 9, 2021. GSA has exercised their next renewal option to extend occupancy to December 9, 2026.

Rent will be $80,817 effective December 10, 2021.

Renewal Options -  None

Termination Rider - Yes, after the 3rd year of the lease.

 

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

Counseling, Inc.






     


​New Listings - San Ygnacio, TX and Sedley, VA











Floral, AR Main Post Office (Sold)

Purchase Price $47,500     CAP 7.35%​

Building Size -  481 sq. ft.        Site Size -  25,745 sq. ft.            Occupied by the USPS in 1978

Current lease term:  Lease expires February 28, 2026. Rent is $4,425 per year, or $9.20/sq. ft. 

Renewal Options -  Two remain with rents increasing to $4,635 and $4,879

Taxes -   USPS Tax Rider                    Termination Rider - Yes, with 360 day notice

Maintenance -   Landlord Maintenance Rider

Troy, SC Main Post Office (Sold)

Purchase Price - $40,225        CAP 9.00%     

Building size: 630 sq ft     Site size:  3,104 sq ft

Lease:  Lease began May 1, 2019 and expires April 30, 2024. Rent is  $5,300 per year

Renewal Option:  Yes, one for five additional years, with the new rent at $5,618 per year.

Maintenance - Landlord Maintenance Rider         Taxes - Landlord responsibility, Is not reimbursed by the USPS.   

Termination Rider - Yes, 30 days notice period to the USPS.          Purchase Rider - None