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Government

Post Office Portfolio | 6 Property Portfolio (Available Individually) | Eastern WA/North ID

2020 N Dickey Rd, Spokane Valley, WA 99212

Listing Price: $2,598,000

Cap Rate
6.00%
Tenant Name
United States Post Office
Years Remaining On Lease
6.6
Guarantor
United States Government
Rentable SF
14,049
Lease Type
Modified Gross
Rent Per Square Feet
$12.45

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.

Investment Highlights

  • 6-property Post Office portfolio (Available individually or as a portfolio)
  • Leases guaranteed by the United States Postal Service
  • Built-to-suit, single-tenant locations
  • Stable and consistent cash flow with future rental upside

Exclusively Listed By

Financing By

Government

Post Office Portfolio | 6 Property Portfolio (Available Individually) | Eastern WA/North ID

Listing Price: $2,598,000

Cap Rate
6.00%
Tenant Name
United States Post Office
Years Remaining On Lease
6.6
Guarantor
United States Government
Rentable SF
14,049
Lease Type
Modified Gross
Rent Per Square Feet
$12.45

Investment Highlights

  • 6-property Post Office portfolio (Available individually or as a portfolio)
  • Leases guaranteed by the United States Postal Service
  • Built-to-suit, single-tenant locations
  • Stable and consistent cash flow with future rental upside

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.

Exclusively Listed By

Financing By

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