United States Post Office
Leflore Station
Greenwood, MS
Salinas, California 93901
For Further Information, Please Contact:
Brian
Rianda, Inc.
66 Monterey-Salinas Highway
Salinas, CA 93908
Phone:
831.758.2728
Fax: 831.758.0460
E-mail: krianda@redshift.com
Web address: www.rianda.com
Click on images to enlarge
Greenwood, mississippi
leflore station
GENERAL DATA
Address:
600 Yalabusha Street, Greenwood, MS 38930
Building Size - Net:
8,256
Square Feet
Land Area - Approximate:
87,132 Square Feet
Construction:
Masonry
Age:
Completion
Date 8/1/00
Taxes, utilities, maintenance:
USPS
Insurance,
roof & structural integrity: Lessor
Land
cost does not include site preparation cost:
$175,000
AREA INFORMATION
Greenwood, MS is located in Leflore County in the central
part of the state on State Highway 82 approximately 50 miles east of
Greenville and approximately 100 miles west of Columbus. This is a support
station to the main post office in Greenwood. Greenwood serves a population of
approximately 30,000.
LEASED DATA
Basic Term – 20
years (8/1/00 -
7/31/20):
$96,187/yr
Two 5-year options
Option 1
$153,899/yr
Option 2
$176,984/yr
TENANT'S OPTION TO PURCHASE
End
of 5th yr basic term
$1,600,000
End
of 10th yr basic term
$1,800,000
End
of 15th yr basic term
$2,000,000
End
of 20th yr basic term
$2,300,000
End
of Option one
$2,500,000
End
of Option two
$2,800,000
Gross
Income
$96,187/yr
-Expenses
Insurance
$1957/yr
Maintenance reserve
$
750/yr
Total
Expenses
$
2,707/yr
Adjusted
income
$93,480/yr
Current
Cap Rate:
7.28%
Asking
Price:
$1,282,493
Disclaimer
This information is from sources deemed reliable. No representation or warranties are made as
to the accuracy thereof and should you accept and act upon said description or
information such action shall be upon the express understanding that no
liability on the part of Brian Rianda, Inc. shall arise because of errors,
omissions, change of price, rentals and leasing, or prior sale of withdrawal
without notice.
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