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1st Floor - Unit 1A
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Office/Retail
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1,350 SF
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$328,242 USD
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Unit Size: 1,350 SF
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Condo Use: Office/Retail
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Price: $328,242 USD
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Sale Type: Investment
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Price/SF: $243.14 USD
Sale Notes
PRIME INVESTMENT OPPORTUNITY – USPS POST OFFICE CONDO
Long-Term USPS Tenant | Stable Income | Located in a Busy Strip Mall
Excellent opportunity to acquire a Post Office condo leased to the United States Postal Service (USPS) and located in a very busy and active strip mall with strong visibility and convenient access.
This property offers an investor the opportunity to acquire a commercial real estate asset with a long-term USPS lease and built-in rental growth through renewal options.
PROPERTY & LEASE DETAILS
Tenant: United States Postal Service (USPS)
Property Type: Post Office Condo
Location: Prime location within a busy strip mall
Current Monthly Rent: $2,925.00
Current Annual Rent: $35,100.00
Lease Term: January 1, 2026 – December 31, 2030
Renewal Options: Two (2) additional 5-year options
Option Increase: 10% increase per option
CURRENT OPERATING EXPENSES
Condo Fee: $361.80/month — $4,341.60/year
Property Taxes: Approximately $3,499.00/year
Insurance: Approximately $1,000.00/year
Based solely on the expenses provided, the estimated current net operating income is approximately:
$35,100.00 annual rent
– $4,341.60 condo fees
– $3,499.00 property taxes
– $1,000.00 insurance
= $26,259.40 estimated annual net income
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