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Government

United States Postal Service | Brand New

515 Walnut Street, East Liverpool, OH 43920

Listing Price: $2,732,312

Cap Rate
5.45%
Tenant Name
United States Postal Service
Years Remaining On Lease
14.9
Gross SF
7,246
Guarantor
United States Government
Rentable SF
7,246
Price/Gross SF
$377.08
Lease Type
Double Net
Rent Per Square Feet
$20.55

Investment Overview

Marcus & Millichap is pleased to present this Brand-New, Free-Standing, Single-Tenant, Absolute Net Leased United States Postal Service office in the city of East Liverpool, Columbiana County, Ohio. the tenant, United States Postal Service, is an independent agency of the executive branch of the United States Federal Government. USPS is both geographically and by volume the largest postal system on the globe. With 633,188 employes USPS is the third largest civilian employer in the United States behind the federal government and Walmart.

The subject property is in construction as a build-to-suit location for USPS and is scheduled to be completed before fall of 2020. The building area when completed will be 7,246 square feet and sits on .97 acres right in the middle of East Liverpool.

The USPS as it exists today was founded in 1971 but traces its roots back to 1792 when the Post Office Department was created with the passage of the Postal Service Act. The USPS is one of the few government agencies explicitly authorized by the United States Constitution. The Postal Service is legally obligated to serve all Americans, regardless of geography, at uniform price and quality.

The price of the property is $2,836,407 at a 5.25 percent cap with an annual rent of $148,911.


Investment Highlights

  • Brand New 15-Year Lease
  • Construction Completed in 2021
  • United States Postal Service is Worlds Largest Mail Service
  • Double-Net (NN) Lease
  • 10% Rent Increases at Each Option
  • Net Operating Income is $148,911

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s) OH: BRK.2007005898

    Ohio

Government

United States Postal Service | Brand New

Listing Price: $2,732,312

Cap Rate
5.45%
Tenant Name
United States Postal Service
Years Remaining On Lease
14.9
Gross SF
7,246
Guarantor
United States Government
Rentable SF
7,246
Price/Gross SF
$377.08
Lease Type
Double Net
Rent Per Square Feet
$20.55

Investment Highlights

  • Brand New 15-Year Lease
  • Construction Completed in 2021
  • United States Postal Service is Worlds Largest Mail Service
  • Double-Net (NN) Lease
  • 10% Rent Increases at Each Option
  • Net Operating Income is $148,911

Investment Overview

Marcus & Millichap is pleased to present this Brand-New, Free-Standing, Single-Tenant, Absolute Net Leased United States Postal Service office in the city of East Liverpool, Columbiana County, Ohio. the tenant, United States Postal Service, is an independent agency of the executive branch of the United States Federal Government. USPS is both geographically and by volume the largest postal system on the globe. With 633,188 employes USPS is the third largest civilian employer in the United States behind the federal government and Walmart.

The subject property is in construction as a build-to-suit location for USPS and is scheduled to be completed before fall of 2020. The building area when completed will be 7,246 square feet and sits on .97 acres right in the middle of East Liverpool.

The USPS as it exists today was founded in 1971 but traces its roots back to 1792 when the Post Office Department was created with the passage of the Postal Service Act. The USPS is one of the few government agencies explicitly authorized by the United States Constitution. The Postal Service is legally obligated to serve all Americans, regardless of geography, at uniform price and quality.

The price of the property is $2,836,407 at a 5.25 percent cap with an annual rent of $148,911.


Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (216) 264-2000

    License(s): OH: BRK.2007005898

    Ohio

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