Listed by Poelstra Properties
$265,000
Bay Springs, MS Post Office
Details
Property Type Special Purpose
Sub Type post office
Square Footage 3,990
Cap Rate 9.09%
NOI $24,094
Tenancy Single
Lease Type Gross
Lease Term 5
Lease Expiration 05/31/2031
Remaining Term 5
Rent Bumps Yes
Lease Options 1
Pro-Forma Cap Rate 9.09%
Pro-Forma NOI $24,094
Price per SqFt $66
Year Built 1964
Year Renovated 2024
Buildings 1
Stories 2
Acreage 1.000
Zoning Commercial
Parking Spaces spaces
Tenant Credit Credit Rated
Lease Commencement 06/01/2026
Loading Docks 1
Special Purpose | 9.09% CAP | 3,990 SqFt
Marketing description
United States Post Office of Bay Springs, MS for sale. County Seat Post Office. Current owners just completed improvements on the building in 2024 of over $60,000, including new HVAC, new lobby floor, interior paint, roof etc. Full service post office. There are two separate, vacant spaces that can be leased out to other tenants for upside potential. PO services 4 routes, 713 PO boxes rented and 1,650 PO boxes total.
Investment highlights
USPS AAA credited tenant
over $60,000 worth of improvements
Listing Contacts
Listed by Poelstra Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$24,094.00
$2,007.83/mo
Valuation Metrics
0
DSCR
9.09%
Cap Rate
9.09%
ROI
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