Government
Post Office Portfolio | 6 Property Portfolio | Eastern Washington/North Idaho
2020 N Dickey Rd, Spokane Valley, WA 99212
Listing Price: $2,650,000
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 seven single-tenant buildings located in Asotin (WA), Curlew (WA), Elk (WA), Rathdrum (ID), Rockford (WA), Royal City (WA) and Spokane Valley (WA). All seven 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. Over half of the 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 $2,900,000, the Post Office portfolio is available for purchase at a 5.89% capitalization rate.
Post Office Portfolio | 6 Property Portfolio | Eastern Washington/North Idaho
Investment Highlights
- Geographically concentrated 7-property Post Office 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
Government
Post Office Portfolio | 6 Property Portfolio | Eastern Washington/North Idaho
Listing Price: $2,650,000
Investment Highlights
- Geographically concentrated 7-property Post Office 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 seven single-tenant buildings located in Asotin (WA), Curlew (WA), Elk (WA), Rathdrum (ID), Rockford (WA), Royal City (WA) and Spokane Valley (WA). All seven 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. Over half of the 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 $2,900,000, the Post Office portfolio is available for purchase at a 5.89% capitalization rate.
Exclusively Listed By
