Lakeview, TX Main Post Office (SOLD)

Purchase Price $89,950        CAP 8.03%

Building Size - 1,034 sq. ft.             Site Size - 21,280 sq. ft.           Occupied in 1983

​​Lease Term:  Current lease ends January 31, 2023 with rent at $8,200 per year.  

Renewal Options - None remain

Taxes - USPS Tax Reimbursement Rider

Maintenance - USPS Maintenance Rider (Partial)        Termination Rider - None.

Osawatomie, KS Main Post Office (Temporarily Off Market)

Purchase Price - $ 298,850   CAP - 8.24%

Building Size: 3,933  sq. ft.    Site size: 11,250 sq. ft.

Lease: Current lease expires June 30, 2019 but the USPS has already exercised the next renewal option to extend the lease to June 30, 2024.   Rent is $30,882 per year.

Maintenance - Landlord Maintenance Rider            Taxes -  USPS Reimbursement Rider             Termination Rider - Yes, with 180-day notice

Properties For Sale

Real Estate Asset

Park Hills, MO Social Security Administration Office

Purchase Price $ 689,350           CAP 8.00%

Constructed new for SSA in 1991.  Rentable Space:  6,543  sq. ft.  Parking: 42 available.

Lease Term: Ten year term began 3/2/2015 and ends 3/1/2025.  Seven (7) years firm and three (3) years non-firm.    

Rental Payments:  Rent is currently $98,942.56 per year, which includes Shell Rent, Operating Cost reimbursement and a tenant improvement reimbursement.   Rent payments will be no less than $96,637 per year during the last three years of the lease.   

Termination Rider - Yes, at the end of the firm term.

Tenant Improvements: Since 2018 the SSA has spent $175,000 to improve the conditions within the building. 

Bradshaw Main Post Office 

Purchase Price $ 150,000    CAP 8.50%​

Building Size - 1,898 sq. ft.        Site Size -  3,900 sq. ft.            Occupied by the USPS in 1981.

Current lease term: From November 1, 2015 to October 31, 2020, with rent at $15,900 per year.  

Renewal Options -  One remains with rent at $16,800 per year. 

Taxes - Landlord pays taxes and USPS does not reimburse  Termination Rider - Yes, 90 days notice.

Maintenance - Landlord Maintenance Rider    

The Most Experienced Consulting Team in the Market!​

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.

Troy, SC Main Post Office (Under Contract)

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

   CALL US  (800) 405-7179

Valencia, PA Main Post Office (Pending Contract)

Purchase Price - $ 277,000    CAP -  8.25%

Building size:  3,072 sq. ft.          Site Size - 19,454 sq. ft.          USPS occupancy began 1965.

Lease:  Began July 1, 2015 and expires June 30, 2020 with rent at $26,112 per year, or $8.50/sq. ft. 

Renewal Options - Two options remain to extend occupancy ten (10) years. The next option rent is $28,416 per year. 

Maintenance Rider - Landlord Maintenance Rider      Tax Rider - USPS Tax Reimbursement Rider

Termination Rider - None

Townville, PA Main Post Office (Pending Contract)

Purchase Price $ 121,000           CAP 8.77%

Building Size - 1,056 sq. ft.             Site Size - 10,625 sq. ft.            Occupied by the USPS in 1982 

Current lease term - The lease began November 17, 2017 and expires November 16, 2022 with rent at $12,210 per year, or $11.56/sq. ft.  

Renewal Options -  None                Taxes  USPS Tax Reimbursement Rider

Termination Rider - Yes, 120-day notice period.     

Maintenance - Landlord Maintenance Rider

Counseling, Inc.

Haralson, GA Main Post Office (Sold)

Purchase Price - $271,000         CAP - 8.17% 

Building Size: 1,375 sq. ft.       Site size:  26,136 sq. ft.   Occupied by USPS in 1995

Lease:  Current lease ends 2/12/2020 but the USPS has recently executed a new lease to extend occupancy to 2/12/2025. Rent is now $21,312/year and will increase to $24,000/year.

Maintenance -  USPS Partial Maintenance Rider          Taxes - USPS Reimbursement Rider     

Termination Rider - None                     Purchase Rider - None


Aransas Pass, TX Main Post Office (Sold)

Purchase Price - $985,000           CAP - 7.86%

Building size: 12,000 sq. ft.       Site size: 35,000 sq. ft.

Lease: The current lease expires September 30, 2022.

Rent:  $95,000 per year.     Renewal Options:  None remain

Maintenance -  Landlord Maintenance Rider        Taxes -  USPS Reimburses                 

Termination Rider -  None         Purchase Rider - None

Jefferson City, MO Social Security Administration Office

Purchase Price $ 2,531,000           CAP 6.65%        

Constructed new in October 2008.      Rentable Space - 10,239 sq. ft.     

Parking Area - 49  spaces  are available.  25 spaces required per the Lease.

Lease term - Ten years, with 7 years firm.   The lease began October 15, 2018 and will end October 14, 2028. 

Rental Payments =  For years 1-5 the rent shall be $224,941/year. For years 6-10 the rent shall be $232,620/year.  Rent payments consist of Shell Rent and Operating Cost payments.

Renewal Options - One five year option remains with rent at $181,425.08/year plus the operating costs which are subject to continual annual adjustments.       

Termination Rider - Yes, with 90 days written notice at the end of the firm term.

Smethport PA Main Post Office (Pending Contract)

Purchase Price $ 284,000         CAP 8.25%

Building Size - 2,784 sq. ft.         ​Site Size - 15,200 sq. ft.          Occupied by the USPS:  1976

Current lease term: From January 1, 2016 to December 31, 2020 with rent at $26,448 per year, or $9.50/sq. ft.

Renewal Options - One remains to extend occupancy to December 31, 2025 with rent at $28,564 per year.

Taxes - USPS Reimburses                 Purchase Option - None

Maintenance- Landlord Maintenance Responsibility       Termination Rider - None

Cape Girardeau, MO Social Security Administration Office (Under Contract)

Purchase Price $2,993,740          CAP 6.50%

Constructed new in 2009.        Rentable Space:  9,738  sq ft.      Parking: 41 spaces provided.     

Lease term - Bridge Lease from April 8, 2019 to April 7, 2021.  A new fifteen (15) year lease will begin at the conclusion of the Bridge Lease.  Ten (10) years are firm in the new lease.

Rental Payments: Rent is $252,571/year in the Bridge Lease. It is $239,536/year in the Firm Term, and $256,894/year in the Non Firm Term.   Rent payments consist of Shell Rent and Operating Cost payments.

Termination Rider - GSA may terminate at the end of the firm term lease period.



Harborcreek, PA Main Post Office (Pending Contract)

Purchase Price $ 264,000    CAP 8.50%

Building Size - 1,168 sq. ft.     Site Size - 6,274 sq. ft.     Occupied by the USPS -  1968

Lease Term - February 14, 2016 to February 13, 2021. Rent is $24,000 per year.

Renewal Options -  None remain

Taxes - Reimbursed by the USPS.

Maintenance  - USPS Maintenance Rider (Partial).  Purchase Option - None.

Termination Rider - None                   




     

Price Change - Park Hills, MO Social Security Administration Office





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




Plum Branch, SC Main Post Office (Under Contract)

Purchase Price - $60,677   CAP - 9.00%

Building Size -  864 sq. ft. ​     Site Size -  4,908 sq. ft

Lease - From September 1, 2018 to August 31, 2023. Rent is $6,900 per year. 

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

Taxes- Landlord pays, is not reimbursed by the USPS.          ​Purchase Rider - None

Linesville, PA Main  Post Office

Purchase Price - $ Call for Pricing               CAP  ------%

Building Size: 3,072 sq. ft.    Site size:  19,454 sq. ft.           USPS occupancy began 1965.

Lease: Began April 1, 2017 and will expire March 31, 2027. Rent is $33,600 per year. 

Renewal Options:  Two remain to extend occupancy ten years. The next option rent is $28,415 per year. 

Maintenance - Landlord Responsibility        Taxes - USPS Tax Reimbursement Rider  

Termination Rider -Yes, 180 day notice period beginning year five of the lease.

Spring Creek, PA Post Office (Pending Contract)

Purchase Price $ 152,000     CAP 8.75%

Building Size - 1,392 sq ft            Site Size - 10,625 sq ft     Occupied by the USPS in 1982.

Current Lease Term:   October 1/2017 to 9/230/2022,  with rent at $15,070 per year.  

Renewal Option - None remain..

Maintenance - Landlord Maintenance Rider.  

Taxes - USPS Reimburses      Termination Rider - Yes, with 180 days notice


Modoc, SC Main Post Office (Under Contract)

Purchase Price $44,400           CAP 9.00%

Building Size - 864 sq. ft.             Site Size - 7.368 sq. ft.          Occupied by the USPS in 1968 

Current lease term - The lease began July 1, 2018 and expires June 30, 2023 with rent at $5,400 per year.

Renewal Options -  None remain.          Termination Rider - 180 day notice to the USPS

Taxes -  Landlord responsibility. Is not reimbursed by the USPS        

Maintenance - USPS Maintenance Rider (Partial)   Purchase Rider - None.

Summerville, PA Main Post Office (Pending Contract)

Purchase Price $ 127,000    CAP 8.47%

Building Size - 1,392 sq. ft.              Site Size - 12,336 sq. ft.      Occupied by the USPS in 1981 

Current lease - Began April 1, 2016 and ends March 31, 2021, with rent at $12,528 per year, or $9.00/sq. ft..

Renewal Options - One remains to extend occupancy to March 31, 2026 with rent at $13,530 per year.                                                 

Taxes - Reimbursed by the USPS                          Maintenance - Landlord Maintenance Rider       

 Termination Rider - None

Buffalo, WV Main Post Office (Pending Contract)

Purchase Price $154,000    CAP 8.50%

Building Size - 1,520 sq. ft.    Site Size - 6,420 sq. ft.     Occupied by the USPS in 1966.

Current lease term expires January 11, 2021  with rent at $14.820 per year, or $9.75/square foot. 

Renewal Options - One remains with rent at $15,717 per year to extend occupancy to January 11, 2026.

Taxes - Reimbursed by the USPS.

Maintenance - Landlord Maintenance Rider.        Termination Rider - No 

Purchase Option - No