List Search

59 Castine Rd

Orland, ME 04472

$375,000

Post Office For Sale  •  2,000 Sq Ft

Property Details

  • Property Type Post Office
  • Total Building Size 2,000 Sq Ft
  • Lot Size 0.48 ac
  • Building Class C
  • Year Built 1990
  • Cap Rate 7.70 %
0 Transit Score
6 Walk Score

Description

Main post office of Orland, Maine. USPS maintenance rider (lessor is only responsible for roof/structure). USPS tax reimbursement rider. NN lease. Newer post office, built in 1990. Newer pitched roof (replaced in the last 5 years). Current lease goes until 4/30/2020 with a 5-year option thereafter at 32,450 (16.23/sq. ft) from 5/1/20 - 4/30/25. Please see attached brochure and contact Broker Associate, Renee Poelstra, Poelstra Properties, for more information, (949)903-1591 or reneepoelstra@pacbell.net. Thank you!

Highlights

USPS partial maintenance rider (original maintenance rider terms)
USPS tax reimbursement rider
AAA government backed tenant - USPS

Property Flyers

Financial Summary (Actual)

Net Operating Income: $28,865 (2018)
Cap Rate: 7.70 %
Total Expenses: $635

Major Tenants

Tenant SF Occupied Lease End Date
United States Postal Service 2,587 SF

Public Transportation

AirportDriveWalkDistance
Bangor International Airport 41 min - 24.4 mi
Gary Poelstra 800-971-8090 Poelstra Properties
Gary Poelstra 800-971-8090 Poelstra Properties