$812,000
$850,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
0.26 Acres Lot
SOLD DATE : 08/04/2021
Key Details
Sold Price $812,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SP21011019
Sold Date 08/04/21
HOA Y/N No
Lot Size 0.260 Acres
Property Description
The property is a 4,851 square foot, one story, single tenant U.S. Postal Facility that providesa solid long term investment with a stable high credit tenant. Great Investment and superb demographics for the tenant type, leased by the USPS. Taxes, utilities, and interior maintenance are the USPS's responsibility. The property is leased irrevocably through March 31, 2023 at $58,212 with a 10% increase to $61,123 kick in on 4/1/23 to 3//31/28. Based onthe location and the level of the Post Office renewals and rent increases are almost certain to be renewed for many decades to come
* USPS Leased Facility - High Return
• Full Time Post Office, 4 City Routes and over 200 Rental Boxes
• One Story brick/block building
• Good stable city in Siskiyou County, population, and location, great demographics for very long term duration for USPS
• If financed, financing available provides a 7.91% cash on cash and a handsome IRR of 18.29%
Location
State CA
County Siskiyou
Interior
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre
Water Public
Others
Tax ID 58053140
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Kevin King • King Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1610 R Street, Sacramento, California, 95811, United States