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UNITED STATES POSTAL SERVICEOFFERING MEMORANDUM // 117 ELEVATOR, DELAWARE, OK 74027
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
ASKING PRICE$109,200
CAP RATE9.0%
BUILDING SIZE+/- 1,034 Sq. Ft.
LOT SIZE+/- 14,000 Sq. Ft.
YEAR BUILT1984
DEALPOINTS
TAXES .............................................................................................Reimbursed
INSURANCE ...............................................................................................$356
MAINTENANCE & RESERVES ............................................................... $259
NET OPERATING INCOME ..................................................................... $9,828
LEASE ABSTRACT
TENANT United States Postal Service
GUARANTOR Federal Government
ADDRESS 117 Elevator, Delaware, OK 74027
CURRENT RENT $9,926 (and increases to $10,443 in September)
RENT PSF $11.31/ Square Foot
LEASE TYPE USPS maintenanceUSPS Tax reimbursement rider
LEASE TERM September 1, 2014 through August 31, 2024
OPTION None
TERMINATION 180 Days
UNITED STATES POSTAL SERVICE // 3
USPS LOCATIONS
1
2
1
2
USPS LENAPAHDIST: 6 miles
HOURS:Open 4 Hours/ Day
USPS NOWATADIST: 5.5 miles
HOURS:Open 7 Hours/ Day
USPS LOCATIONS
UNITED STATES POSTAL SERVICE // 4
REGIONAL OVERVIEW
TULSA, OK59 mi. from
subject property
UNITED STATES POSTAL SERVICE // 5
5 Mile Radius 10 Mile Radius 15 Mile Radius
PO
PU
LA
TIO
NH
OU
SEH
OLD
SIN
CO
ME
20 MILE RADIUS
DEMOGRAPHICS
117 Elevator
POPULATION
71,478 30,246 $69,646HOUSEHOLDS INCOME
Estimated Population (2018) 1,909 7,088 13,305
Projected Population (2023) 1,820 6,870 12,875
Census Population (2010) 1,962 7,253 13,523
Census Population (2000) 1,974 7,401 13,352
Projected Annual Growth (2018 to 2023) -0.9% -0.6% -0.6%
Historical Annual Growth (2000 to 2018) -0.2% -0.2% -
Projected Households (2023) 802 3,010 5,500
Census Households (2010) 796 2,923 5,416
Census Households (2000) 783 2,934 5,230
Projected Annual Growth (2018 to 2023) -0.2% 0.2% -0.1%
Historical Annual Growth (2000 to 2018) 0.2% 0.1% 0.3%
Estimated Average Household Income (2018) $51,032 $50,892 $68,023
Estimated Median Household Income (2018) $41,642 $39,904 $51,646
2018 Estimated Per Capita Income $21,730 $21,637 $28,362
UNITED STATES POSTAL SERVICE // 6
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 // 7
Touchstone Commercial Partners presents 117 Elevator, Delaware, OK 74027 (“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 SERVICE117 ELEVATOR, DELAWARE, OK 74027
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