UNITED STATES POSTAL SERVICE -...
Transcript of UNITED STATES POSTAL SERVICE -...
UNITED STATES POSTAL SERVICE 215 AYER ROAD, HARVARD, MA 01451
UNITED STATES POSTAL SERVICEOFFERING MEMORANDUM
Corp. Lic. 01112906
JAMIE HARRISON(415) 539-1106
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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
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AERIAL OVERVIEW
AYER
ROA
D
GEBO LANE
LANCASTER COUNTY ROAD
+/! 133,293Square Feet
LARGE PARCEL
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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.
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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