Bay Springs, MS Main Post Office (SOLD)

Purchase Price $257,500   CAP  9.50%

Building  Size -  3,990 sq. ft. for USPS Leased Space                        

Current lease term expires May 31, 2026 with rent at $39,400 per year, 

Renewal Options - Two options with rents increasing to $44,128  and $49,423. 

Operating Expenses: Landlord responsible for taxes and is not reimbursed by the USPS.  Landlord is responsible for maintenance and repairs to the premises.  Landlord pays the utility expenses, The USPS pays for  custodial services. 

Termination Rider - Yes, 30 days notice.

Review the Additional Information material to learn more about this property.              

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Real Estate Asset Counseling, Inc. (REAC) assists our clients in identifying properties to purchase that are leased to the United States Postal Service or to another governmental agency. We will provide you our perspective of how the USPS would assess a particular location for potential closure or consolidation in the future. The USPS conducts an operational assessment on many of their facilities when they are considering closing or consolidating a specific Post Office. We are experienced in the methodology they use to make such determinations.

Investing in Post Office properties and other governmental buildings is generally a wise use of your funds. Let us help you make the right decision when you are considering the purchase of a specific building. Contact us before you approach a prospective seller and we can help you evaluate the property before you submit an offer to purchase the building. We can also help you interpret the underlying lease for the property and provide our assessment on the pros and cons of the lease. We are often asked by owners to assist them in selling their property, and we are happy to identify in this section selected properties that we recommend you consider purchasing.

Properties For Sale

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Worthing, SD Main Post Office (Sold)

This property is being sold with the Onida, SD MPO and Onida, SD FSA

Purchase Price $138,800           CAP 7.25%​

Building Size - 1,080 sq. ft.             Site Size - 6,500 sq. ft.          Occupied by the USPS in 1976.

Current lease term - A new lease will begin June 1, 2021 and expire May 31, 2026 with rent at $11,880 per year.

Renewal Options -  None remain.          Termination Rider - None

Taxes -  Landlord responsibility. Is not reimbursed by the USPS        

Maintenance - Landlord Maintenance Rider   

Oakhurst, TX Main Post Office (Sold)

Purchase Price - $159,500   CAP - 7.00%

Building Size -  1,392 sq. ft. ​     Site Size -  14,995 sq. ft

Lease - From June 1, 2016 to May 31, 2021. Rent is $12,240 per year. The USPS has exercised their next renewal option to extend occupancy to May 31, 2026 with rent at $12,900 per year.

Renewal Options - None remain.  Maintenance-  USPS Maintenance Rider (Partial)

Taxes- USPS Tax Reimbursement Rider.          ​Purchase Rider - None

Claysburg, PA Main Post Office (Under Contract)

Purchase Price $220,000     CAP 7.15%

Building Size - 1,428 sq. ft.       Site Size - 7,311 sq. ft.   Occupied in 1960.      

Current Lease Term:  Began November 1, 2020 and ends October 31, 2025 with rent at $17,778 per year. .   

Renewal Option - Two options remain with rents increasing to $19,556 and $21,512.

Maintenance - Landlord Maintenance Rider.  

Taxes - Landlord Maintenance Rider   Termination Rider - None

​​Pembroke, KY Main Post Office      (SOLD)

Purchase Price $105,000   CAP 7.00%​

Building Size - 1,152 sq. ft. .   Site Size - 3,854 sq. ft.

Lease Term:  December 1, 2021 to November 30, 2026, with rent at $10,032 per year.

Renewal Options - One option to extend occupancy to November 30, 2031 with rent at $11,035.

Maintenance - Landlord Maintenance Rider.

Taxes - Landlord pays taxes and is not reimbursed by the USPS.

Termination Rider - None                                

Ash Fork, AZ Main Post Office (Under Contract)

Purchase Price $255,600        CAP 7.15%​

Building Size - 1,200 sq. ft.    Site Size - 3,654       Occupied in 1965

​​Lease Term:  February 1, 2021 to January 31, 2026 with rent at $19,548 per year. 

Renewal Options: Two options with the rent increasing to $21,503 and $23,653.

Maintenance Rider:  USPS Maintenance Rider (Partial)

Taxes: USPS Reimbursement Tax Rider

​Termination Rider:  None

Onida, SD Main Post Office (Sold)

This property is being offered with the Onida, SD FSA Office and Worthing, SD MPO

Purchase Price $252,500          CAP 7.25%​

Building Size - 2,088 sq. ft.             Site Size - 5,808 sq. ft.            Occupied by the USPS in 1964.

Current lease term - The lease began August 1, 2017 and expires July 31, 2022 with rent at $20,040 per year, or $9.60/sq. ft.  The USPS has exercised their next renewal option to extend occupancy to July 31, 2027 with rent at $22,040 per year.

Renewal Options -  None                Taxes  Landlord is responsible for payment of property taxes.

Termination Rider - None     ​      Maintenance - Landlord Maintenance Rider

The Most Experienced Consulting Team in the Market!​

Reserved for a New Listing

Purchase Price - $    CAP - %

Building Size:   sq. ft.    Site size:  sq. ft.    Occupancy Date - 

Lease: C 

Renewal Option - 

Maintenance - Landlord Maintenance Rider            Taxes -  USPS Reimbursement Rider 

Termination Rider -  None

Reserved for a New Listing

Purchase Price - $    CAP - %

Building Size:   sq. ft.    Site size:  sq. ft.

Lease: 

Maintenance -             Taxes -              Termination Rider - 

Please contact us if you require

additional information on the above properties.

Floral, AR Main Post Office (Sold)

Purchase Price $47,500     CAP 7.35%​

Building Size -  481 sq. ft.        Site Size -  25,745 sq. ft.            Occupied by the USPS in 1978

Current lease term:  Lease expires February 28, 2026. Rent is $4,425 per year, or $9.20/sq. ft. 

Renewal Options -  Two remain with rents increasing to $4,635 and $4,879

Taxes -   USPS Tax Rider                    Termination Rider - Yes, with 360 day notice

Maintenance -   Landlord Maintenance Rider

Reserved for a New Listing  

Purchase Price - $     CAP - %              Age -

Building Size:               sq. ft.    Site size:           sq. ft.

Lease: Current lease expires ..................   Rent is $......... per year.

Maintenance - .............Maintenance Rider            Taxes -  USPS Reimbursement Rider 

Termination Rider - None                   Purchase Rider - None

Saved for a New Listing 

Purchase Price - $     CAP -  %

Building size:   sq. ft.          Site Size -  sq. ft.          USPS occupancy began .

Lease: 

Renewal Options - T

Maintenance Rider -  Maintenance Rider      Tax Rider - 

Termination Rider - 

Reserved for a New Listing

Purchase Price -                CAP  %

Building Size:        sq. ft.    Site size:      sq. ft.           USPS occupancy began    .

Lease:  

Renewal Options:   

Maintenance -                                       Taxes -    

Termination Rider -

Troy, SC Main Post Office (Sold)

Purchase Price - $40,225        CAP 9.00%     

Building size: 630 sq ft     Site size:  3,104 sq ft

Lease:  Lease began May 1, 2019 and expires April 30, 2024. Rent is  $5,300 per year

Renewal Option:  Yes, one for five additional years, with the new rent at $5,618 per year.

Maintenance - Landlord Maintenance Rider         Taxes - Landlord responsibility, Is not reimbursed by the USPS.   

Termination Rider - Yes, 30 days notice period to the USPS.          Purchase Rider - None

San Ygnacio, TX Main Post Office (Sold)

Purchase Price $499,950    CAP 6.50%

Building Size - 2,090 sq. ft.     Site Size - 27,686 sq. ft.     Occupied by the USPS - 1999

Lease Term - April 20, 2019 to April 19, 2024.  Rent is $34,896 per year, or $16.70/sf.

Renewal Options -  One remains with rent at $55,992 per year.

Taxes - Reimbursed by the USPS.

Maintenance  - USPS Maintenance Rider.  

Termination Rider - None