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UNITED STATES POSTAL SERVICEOFFERING MEMORANDUM // 161 W LIVE OAK STREET, MIAMI, AZ 85539
JAMIE HARRISON415-539-1106
touchstoneC O M M E R C I A L P A R T N E R S
UNITED STATES POSTAL SERVICE // 2
INVESTMENT SUMMARY
GROSS INCOME ....................................................................................$45,000
TAXES .............................................................................................Reimbursed
INSURANCE ....................................................................................... $1,255.22
MAINTENANCE & RESERVES ........................................................$1,016.50
NET OPERATING INCOME ...................................................................$42,728
LEASE ABSTRACT
TENANT United States Postal Service
GUARANTOR Federal Government
ADDRESS 161 W Live Oak Street, Miami, AZ 85539
RENT PSF $11.07/ Square Foot
LEASE TYPE USPS Maintenance RiderUSPS Tax Reimbursement Rider
LEASE TERM May 1, 2018 - April 30, 2028
OPTION 3-5 Years
OPTION RENT $48,600, $52,488, $56,687
TERMINATION 180 Days Right After 2 Years
PHOENIX, AZ86.6 mi. from
subject property
ASKING PRICE$570,000
CAP RATE7.5%
BUILDING SIZE+/- 4,066 Sq. Ft.
YEAR BUILT1964
DEAL POINTS
UNITED STATES POSTAL SERVICE // 3
USPS: MIAMI, AZ3
USPS: CLAYPOOL, AZ1
USPS: GLOBE, AZ2
SURROUNDING USPS LOCATIONS
USPS SUPERIOR, AZDIST: 17.7 miles
HOURS:Open 8 Hours / Day
3USPS CLAYPOOL, AZDIST: 2 miles
HOURS:Open 8 Hours / Day
1 USPS GLOBE, AZDIST: 6.2 miles
HOURS:Open 8 Hours / Day
2
UNITED STATES POSTAL SERVICE // 4
1 Mile Radius 3 Mile Radius 5 Mile Radius
PO
PU
LA
TIO
NH
OU
SEH
OLD
SIN
CO
ME
10 MILE RADIUS
DEMOGRAPHICS
161 W Live Oak Street
POPULATION
17,616 7,415 $57,811HOUSEHOLDS INCOME
Estimated Population (2019) 2,252 4,858 10,326
Projected Population (2024) 2,490 5,252 11,032
Census Population (2010) 2,344 4,986 10,617
Census Population (2000) 2,534 5,354 11,288
Projected Annual Growth (2019 to 2024) 2.1% 1.6% 1.4%
Historical Annual Growth (2000 to 2019) -0.6% -0.5% -0.4%
Projected Households (2024) 1,056 2,231 4,742
Census Households (2010) 949 2,021 4,355
Census Households (2000) 992 2,075 4,423
Projected Annual Growth (2019 to 2024) 1.7% 1.2% 1.0%
Historical Annual Growth (2000 to 2019) -0.1% - 0.1%
Estimated Average Household Income (2019) $47,422 $51,606 $53,050
Estimated Median Household Income (2019) $32,598 $39,084 $39,458
2019 Estimated Per Capita Income $20,519 $22,332 $23,223
UNITED STATES POSTAL SERVICE // 5
24 HOURSPER DAY
DAYSPER YEAR365
OVER 500KCAREER EMPLOYEES
OVER 31,000ACROSS 50 U.S. STATES
180AND CONTINENTS
OVER COUNTRIES
5
$70.6 BIL.MADE IN 2018
GROWTH
WORLDWIDE
OPERATIONS
REVENUE
LOCATIONS
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.
UNITED STATES POSTAL SERVICE // 6
Touchstone Commercial Partners presents 161 W Live Oak Street, Miami, AZ 85539 (“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.
UNITED STATES POSTAL SERVICE161 W LIVE OAK STREET, MIAMI, AZ 85539
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
OFFERING MEMORANDUM
