UNITED STATES POSTAL SERVICE 215 AYER ROAD, HARVARD, MA 01451

UNITED STATES POSTAL SERVICEOFFERING MEMORANDUM

Corp. Lic. 01112906

JAMIE HARRISON(415) 539-1106

harrison@tcpre.com

UNITED STATES POSTAL SERVICE // 2

INVESTMENT SUMMARY

LEASE ABSTRACT

TENANT United States Postal Service

GUARANTOR Federal Government

PROPERTY ADDRESS 215 Ayer Road, Harvard, MA 01451

CURRENT RENT $127,450

RENT PSF $23.49 / Square Foot

LEASE TYPE Landlord Maintenance RiderUSPS Tax Reimbursement Rider

LEASE TERM 12/1/1999 - 11/30/2019

OPTION RENTS 2019-2024: $136,8952024-2029: $151,2702029-2034: $167,1502034-2039: $184,700

PURCHASE OPTION RIDER 2019: $1,650,0002024: $1,825,0002029: $2,000,0002034: $2,225,0002039: $2,450,000

ASKING PRICE$1,650,000

CAP RATE7.25%

BUILDING SIZE+/- 5,425 Sq. Ft.

LAND SIZE+/- 133,293 Sq. Ft.

YEAR BUILT1999

DEALPOINTS

GROSS ANNUAL INCOME .................................................................$127,450

INSURANCE .......................................................................................$1,877.34

MAINTENANCE & RESERVES .............................................................$5,425

MANAGEMENT ......................................................................................... $500

NET OPERATING INCOME ............................................................$119,647.66

UNITED STATES POSTAL SERVICE // 3

AERIAL OVERVIEW

AYER

ROA

D

GEBO LANE

LANCASTER COUNTY ROAD

+/! 133,293Square Feet

LARGE PARCEL

UNITED STATES POSTAL SERVICE // 4

TENANT PROFILE

The United States Postal Service employs some 617,000 workers, making it the third-largest civilian employer in the United States behind the federal government and Wal-Mart. In a 2006 U.S. Supreme Court decision, the Court noted: “Each day, according to the Government’s submissions here, the United States Postal Service delivers some 660 million pieces of mail to as many as 142 million delivery points.” As of 2014, the USPS operates 31,000 post offices and locations in the U.S., and delivers 155 billion pieces of mail annually.

In October 2016, the Postal Service released Future Ready, a five-year plan required by law starting in 1993. The plan outlines the Postal Service’s goals for the next five years.

1. Deliver a world-class customer experience.2. Equip, empower, and engage employees.3. Innovate faster to deliver value.4. Invest in our future platforms.

UNITED STATES POSTAL SERVICE // 5

REGIONAL OVERVIEW

215 AYER ROAD

14,000VEHICLES PER DAY

48,000VEHICLES PER DAY

GEORGE W STANTON HWY

AYER

ROA

D

2

2

$141,311

AVERAGE HOUSEHOLD

INCOMEWITHIN 1 MILE

UNITED STATES POSTAL SERVICE // 6

DEMOGRAPHICS

HARVARD, MASSACHUSETTS

JAMIE HARRISON(415) 539-1106harrison@tcpre.com