Postal Realty Trust purchased two buildings off-market from long-term owners. The two buildings are part of a larger industrial park. We were able to subdivide our properties and agree on an easement agreement with multiple ownership groups of different buildings within the park. Plus, the seller continued to own additional buildings within the industrial park. […]
Postal Realty Trust won a competitive bid process after a widely marketed sales campaign for this processing and distribution center. We closed the all-cash purchase for $47MM just 31 days after contract signing. The property has two tenants in addition to the USPS.