Office

USPS

7828 Zenith Dr, Citrus Heights, CA 95621

Listing Price: $567,600

Cap Rate
6.00%
Gross SF
3,600
Rentable SF
3,600
Price/Gross SF
$157.67
Lot Size
0.17 acres
Year Built
1981

Investment Overview

The offering is a 3,600-square foot single-tenant building located in an established location in the city of Citrus Heights, California. More specifically, the property is located at the signalized corner of Antelope Road and Zenith Drive within the grocery anchored shopping center known as SummerHills Plaza. SummerHills Plaza is a regional shopping center home to Raleys, Wells Fargo, Dollar Tree, Round Table, Dutch Brothers (Grand Opening November 2020), Wendys, OReilly auto parts, USPS and other national retailers. This property is adjacent to the Antelope exit of Interstate 80. Approximately 20 minutes west of Sacramento, and 12 minutes east of Roseville, California.

This USPS has been at this location for over 24 years and extended their lease in April of 2019 for an additional five years. An investor has the unique opportunity to acquire a stabilized asset with a strong national credit tenant. This is one of five office/retail pads being offered for sale within the SummerHills plaza.

The USPS manages a retail network of 34,000 post offices and 141,900 collection boxes providing 160 million delivery points nationwide in 2019. The Postal Service is the only organization in the country that has the resources, network infrastructure, and logistical capability to regularly deliver to every residential and business address in the nation. The Postal Service is a strong tenant that had $71.1 billion in operating revenue in 2019.

Offered at $524,807 an investor can take advantage of an easy to manage asset with a strong corporate guaranteed tenant. The property offers 900 square feet of upside space that could be developed into an office space to increase cash flow. An investor can also purchase the entire office/retail property for $3,001,214 or $189.45 per square foot.

Investment Highlights

  • Lease is Guaranteed by the United States Postal Service
  • Priced Below Replacement Cost Property is Being Sold for $145.83 per Square Foot
  • Low-Cost Maintenance
  • Immediate Access to Interstate 80
  • Established Operating History - Over 24 Years of Serving the Community

Exclusively Listed By

Listing Price: $567,600

Cap Rate
6.00%
Gross SF
3,600
Rentable SF
3,600
Price/Gross SF
$157.67
Lot Size
0.17 acres
Year Built
1981

Investment Highlights

  • Lease is Guaranteed by the United States Postal Service
  • Priced Below Replacement Cost Property is Being Sold for $145.83 per Square Foot
  • Low-Cost Maintenance
  • Immediate Access to Interstate 80
  • Established Operating History - Over 24 Years of Serving the Community

Investment Overview

The offering is a 3,600-square foot single-tenant building located in an established location in the city of Citrus Heights, California. More specifically, the property is located at the signalized corner of Antelope Road and Zenith Drive within the grocery anchored shopping center known as SummerHills Plaza. SummerHills Plaza is a regional shopping center home to Raleys, Wells Fargo, Dollar Tree, Round Table, Dutch Brothers (Grand Opening November 2020), Wendys, OReilly auto parts, USPS and other national retailers. This property is adjacent to the Antelope exit of Interstate 80. Approximately 20 minutes west of Sacramento, and 12 minutes east of Roseville, California.

This USPS has been at this location for over 24 years and extended their lease in April of 2019 for an additional five years. An investor has the unique opportunity to acquire a stabilized asset with a strong national credit tenant. This is one of five office/retail pads being offered for sale within the SummerHills plaza.

The USPS manages a retail network of 34,000 post offices and 141,900 collection boxes providing 160 million delivery points nationwide in 2019. The Postal Service is the only organization in the country that has the resources, network infrastructure, and logistical capability to regularly deliver to every residential and business address in the nation. The Postal Service is a strong tenant that had $71.1 billion in operating revenue in 2019.

Offered at $524,807 an investor can take advantage of an easy to manage asset with a strong corporate guaranteed tenant. The property offers 900 square feet of upside space that could be developed into an office space to increase cash flow. An investor can also purchase the entire office/retail property for $3,001,214 or $189.45 per square foot.

Exclusively Listed By

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