Two buildings on this property:
1. Main Post office, which was a build to suit for the USPS in 2002 and a lease running through 2022.
2. A mixed use facility with residential over office. The Owner runs his business out of this building and is interested in signing an 18-24 months absolute NNN lease at close of escrow.
The Cap rate that is advertised is based off of the rental option the USPS has come 2022. Over the next 4 years the annual income would be $16,000...higher!