The Northwood Group

Building Partner Investors


April 2

Post Office Closed, Building Sold

  • Asking Price: $2,840,000
  • CAP Rate 7.50%
  • 11,860 SF
  • 100% Occupied

I am pleased to announce the closing of the Centerville, Utah, United States Postal Service, the building sold. The Post Office has been at this location since 1997 and is one of the highest producing Post Offices in the State of Utah. The annual was $213,000 and the initial 20 year lease comes up for renewal in June of 2017.  The Post Office has 2, 5 year options to renew their current lease term with the annual rent bumping to $300,000 for the first option and $310,000 for the second option.  Asking price on the property was $2,840,000 at a 7.5% cap rate.  Please contact for comparable details.