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.