Investment Overview

Marcus & Millichap has been selected to exclusively market for sale the Post Office portfolio located in Eastern Washington and North Idaho. The portfolio consists of six single-tenant buildings located in Asotin (WA), Elk (WA), Rathdrum (ID), Rockford (WA), Royal City (WA) and Spokane Valley (WA). All six properties were built-to-suit specifically for the USPS, which has been the sole tenant throughout the life of each building. The portfolio offers a stable and consistent cash flow with future rental upside. On average, the leases have 4+ years of term remaining with expirations staggered over the next 3 to 7 years. Five of the six leases contain no additional tenant renewal options, giving a future owner the ability to negotiate a higher rent upon lease expiration. Offered for sale at $2,598,000, the Post Office portfolio is available for purchase at a 6.0% capitalization rate. The properties are available individually or as a portfolio.