220 NE 1st St - Office FOR SALE


Winlock, WA 98596 | 
$506,906 USD
317-418-7711
220 NE 1st St, Winlock, WA for Sale
$506,906 USD
Office - FOR SALE
1/1
null | 7.5% Cap Rate

220 NE 1st St
Winlock, WA 98596


OVERVIEW

Selling the Winlock, WA USPS post office at an incredible 7.5 cap rate. Winlock has both USPS Maintenance Rider and the USPS Tax Rider. This post office is on a 5 year option thru 10/31/30 and there is one 5 year option left with a 10% increase ($43,140). This post office has a "no right to terminate clause" meaning during any 5 year term of the post office, USPS guarantees payment for the entire 5 year term of the lease. A new roof was put on this building appx 3 years ago and the warranty is transferable. We are currently in the “Age of the 6% Cap” where all double rider USPS Post Office are priced at a 6% cap or less. With this post office listed at a 7.5% cap we have priced this to sell fast as we are involved in a 1031 and will use proceeds to complete our deal. The first serious buyer to take this to the finish line will be selected as our buyer. Serious inquiries only. Contact us for copy of lease and further details. Ron Levin 317-418-7711

FOR SALE DETAILS

PRICE

$506,906 USD

PRICE/SF

$213 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Winlock, WA USPS Post Office

PROPERTY TYPE

Office

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Gerald LevinPostal PropertiesMore Info
317-418-7711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Gerald LevinPostal PropertiesMore Info
317-418-7711

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.