Listed by Poelstra Properties
$182,000
Petersham, MA Main Post Office
Details
Property Type Special Purpose
Sub Type Post Office
Square Footage 1,501
Net Rentable (SqFt) 1,501
Cap Rate 7.15%
NOI $13,008
Occupancy 100%
Tenancy Single
Brand/Tenant USPS
Lease Type Net
Lease Term 9
Lease Expiration 09/30/2031
Remaining Term 5.3
Rent Bumps Yes
Lease Options $16,060/year ($10.70/sq. ft) from 10/01/2026 - 09/30/2031; $17,666 ($11.77/sq. ft) from 10/01/2031-09/30/2036
Price per SqFt $121
Class A
Year Built 1966
Buildings 1
Lot Size (SqFt) 5,567
Investment Type Net Lease
Tenant Credit Credit Rated
Lease Commencement 10/01/2022
Ground Lease No
Sale Condition N/A
Special Purpose | 7.15% CAP | 1,501 SqFt
Marketing description
This is an investment property profile for the Petersham, MA Main Post Office, a government leased property occupied by USPS. The property features 1,501 interior square feet on a 5,567 square foot site, built in 1966 with new roof and flooring in the last few years. USPS operates Monday through Friday from 10am to 2pm, Saturday from 9am to 11:30am, and is closed Sunday. The nearest full-service main post office is in Athol, MA, 10 miles from Petersham.
Petersham, MA has a population of 1,185 residents according to the U.S. Census Bureau, with an estimated median household income of $110,750/year and an estimated median home value of $392,400.
Investment highlights
- Annual Rent: $14,600/year ($9.72/sq. ft.) from 10/01/2022 - 09/30/2026
- Renewal Options: $16,060/year ($10.70/sq. ft) from 10/01/2026 - 09/30/2031; $17,666 ($11.77/sq. ft) from 10/01/2031-09/30/2036
- No Purchase Options
- Lessor Maintenance Rider
- USPS Tax Reimbursement Ride
Listing Contacts
Listed by Poelstra Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$13,008.00
$1,084.00/mo
Valuation Metrics
0
DSCR
7.15%
Cap Rate
7.15%
ROI
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