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touchstone COMMERCIAL PARTNERS UNITED STATES POSTAL SERVICE OFFERING MEMORANDUM JAMIE HARRISON (415) 539-1106 [email protected] 200 WYOMING AVENUE WYOMING, PA 18644

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Page 1: UNITED STATES POSTAL SERVICE€¦ · The United States Postal Service employs some 617,000 workers, making it the third-largest civilian employer in the United States behind the federal

touchstoneC O M M E R C I A L P A R T N E R S

UNITED STATES POSTAL SERVICEOFFERING MEMORANDUM

JAMIE HARRISON(415) 539-1106

[email protected]

200 WYOMING AVENUE WYOMING, PA 18644

Page 2: UNITED STATES POSTAL SERVICE€¦ · The United States Postal Service employs some 617,000 workers, making it the third-largest civilian employer in the United States behind the federal

UNITED STATES POSTAL SERVICE // 2

INVESTMENT SUMMARY

ASKING PRICE$380,000

CAP RATE7.9%

BUILDING SIZE+/- 2,762 Sq. Ft.

LAND SIZE+/- 7,336 Sq. Ft.

YEAR BUILT1964

DEALPOINTS

GROSS ANNUAL INCOME ................................................................. $33,585*

INSURANCE ............................................................................................... $823MAINTENANCE & RESERVES .............................................................$2,762NET OPERATING INCOME ...................................................................$30,000*Starting in May 2019

LEASE ABSTRACT

TENANT United States Postal Service

GUARANTOR Federal Government

PROPERTY ADDRESS 200 Wyoming Avenue Wyoming, PA 18644

CURRENT RENT $30,000 (Increases to $33,585 in 2019)

RENT PSF $10.86 / Square Foot

PRICE PSF $137.58 / Square Foot

LEASE TYPELandlord Maintenance RiderUSPS Tax Reimbursement Rider

LEASE TERMCurrent: 5/1/2014 - 4/30/2019Signed: 5/1/2019 - 4/30/2024

ONE OPTION 5/1/2024 - 4/30/2029 at $33,585

TERMINATION 365 Days

USPS200 Wyoming Ave.

NEW YORK CITY136 miles fromsubject property

PHILADELPHIA116 miles from

subject property

Page 3: UNITED STATES POSTAL SERVICE€¦ · The United States Postal Service employs some 617,000 workers, making it the third-largest civilian employer in the United States behind the federal

UNITED STATES POSTAL SERVICE // 3

AERIAL OVERVIEW

FOUR SEASONSGOLF CLUB

UFCW FEDERAL CREDIT UNION

SUSQUEHANNA RIVER

15,000VEHICLES PER DAY

USPS200 Wyoming Ave.

WYOMING A

VE.

E. 8TH ST.

12,000VEHICLES PER DAY

FNCB BANK

AMERICAN GRILL

Page 4: UNITED STATES POSTAL SERVICE€¦ · The United States Postal Service employs some 617,000 workers, making it the third-largest civilian employer in the United States behind the federal

UNITED STATES POSTAL SERVICE // 4

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.

Page 5: UNITED STATES POSTAL SERVICE€¦ · The United States Postal Service employs some 617,000 workers, making it the third-largest civilian employer in the United States behind the federal

Touchstone Commercial Partners presents 200 Wyoming Avenue Wyoming, PA 18644 (“Property”) for your acquisition. Touchstone Commercial Partners and owner provides the material presented herein without representation or warranty. A substantial portion of information was obtained from sources other than actual knowledge and not all sources can be absolutely confirmed. Moreover, all information is subject to changes by the parties involved as to price or terms before sale, to withdrawal of the Property from the market, and to other events beyond the control of Touchstone Commercial Partners or owner. No representation is made as to the value of this possible investment other than hypothetical scenarios. It is encouraged that you or any of your affiliates consult your business, tax and legal advisors before making a final determination of value or suitability of the Property for acquisition. As a condition of Touchstone Commercial Partners’ consent to communicate the information contained herein–as well as any information that may be communicated to you subsequently either verbally or in writing by Touchstone Commercial Partners, owner or agents of either of these parties regarding the Property–it is required that you agree to treat all such information confidentially.

JAMIE HARRISON415-539-1106

[email protected] BRE #01364847

touchstoneC O M M E R C I A L P A R T N E R S

UNITED STATES POSTAL SERVICEOFFERING MEMORANDUM // 200 WYOMING AVENUE WYOMING, PA 18644