USPS Properties For Sale

6020 Fort Avenue - NEW PRICING - 6-20-16

ID #:400632
6020 Fort Avenue
Lynchburg, VA 24502-1900 United States

Presented By:

Ricky Read CCIM Coldwell Banker Commercial - Read & Co.

Phone: 434-455-2285
Mobile: 434-841-3659
Email: ricky@realestatelynchburg.com
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Property Details

No cooperating brokerage commission shall be paid by the USPS or CBRE. Buyer's Broker, if any, shall seek commission compensation from the Buyer only.

The USPS expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the property (the “Property”), and/or terminate discussions with any entity at any time with or without notice. The USPS shall have no legal commitment or obligation to any entity reviewing the marketing materials or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the USPS, and any conditions to the USPS's obligations have been satisfied or waived.

 CBRE, Inc. operates within a global family of companies with many subsidiaries and/or related entities (each an "Affiliate") engaging in a broad range of commercial real estate businesses including, but not limited to, brokerage services, property and facilities management, valuation, investment fund management and development. At times different Affiliates may represent various clients with competing interests in the same transaction. For example, this information may be received by our Affiliates, including CBRE Investors, Inc. or Trammell Crow Company. Those, or other, Affiliates may express an interest in the Property described and may submit an offer to purchase the Property and may be the successful bidder for the Property. You hereby acknowledge that possibility and agree that neither CBRE, Inc. nor any involved Affiliate will have any obligation to disclose to you the involvement of any Affiliate in the sale or purchase of the Property. In all instances, however, CBRE, Inc. will act in the best interest of the client(s) it represents in the transaction and will not act in concert with or otherwise conduct its business in a way that benefits any Affiliate to the detriment of any other offeror or prospective offeror, but rather will conduct its business in a manner consistent with the law and any fiduciary duties owed to the client(s) it represents in the transaction.

 The information pertaining to the Property does not purport to be a representation of the state of affairs of the Property or to be all-inclusive or to contain all or part of the information which prospective purchasers may require to evaluate a purchase of real property. All financial projections and information are provided for general reference purposes only and are based on assumptions relating to the general economy, market conditions, competition and other factors beyond the control of the USPS and CBRE, Inc. Therefore, all projections, assumptions and other information provided and made are subject to material variation. All references to acreages, square footages, and other measurements are approximations. Interested parties are expected to review all information and other documents of whatever nature independently and not rely on any other information provided.

 Neither the USPS or CBRE, Inc., nor any of their respective directors, officers, Affiliates or representatives make any representation or warranty, expressed or implied, as to the accuracy or completeness of this information or any of its contents, and no legal commitment or obligation shall arise by reason of your receipt of this information or use of its contents; and you are to rely solely on your investigations and inspections of the Property in evaluating a possible purchase of the real property.

Restrooms: 2
Year Built: 1974
Lot Size: 1.32 acres
Type: Special Purpose
Parking Spaces: 82
Zoning: B-3 & R-2
Building Sq Ft: 7,616
Available Sq Ft: 7,616
Total Stories: 1
Floor Location: 1
Current Occupancy: Occupied

Description:

RECENT PRICE 

REDUCTION 

 

NEW PRICING

$559,000

CBRE, Inc., in conjunction with Coldwell Banker Commercial - Read & Co., is pleased to offer for sale the property owned by the United State Postal Service located at 6020 Fort Avenue in Lynchburg, VA.  The Post Office will be relocated and possession of the building will be given to the buyer when the Postal Service vacates the property upon the completion of its replacement facility. 

6020 Fort Avenue is a single story building with approximately 7,616 GSF.  The building sits on a 1.321 acre parcel of land that is zoned B-3 (Community Business District) and R-2 (Low-Medium Density Residential) (please see picture labeled Zoning on this website).  This property has a total of 3 curb cuts, 2 along Edgewood Ave. and 1 along Dublin St. 

With high ceilings, an open floor plan and execellent visibility, 6020 Fort Avenue is well suited for multiple re-use purposes.  The current zoning supports this flexibility with allowable uses that include:  retail, office, medical uses and schools.

Built in 1974, this block with steel frame building is fully conditioned, fully sprinklered and has a covered loading dock.  The 82 on-site parking spaces could support almost any type of retail use.

Please note:  The USPS may require a temporary lease-back period of upto 9 months while its replacement facility is prepared.  During this temporary lease-back period the USPS will pay rent of $1.00 and will pay all operating expenses and real estate taxes and will maintain the property in its "AS-IS" condition as of the date of Closing.  This maintenance obligation is limited to normal repairs and maintenance and not the replacement of any building systems or any capital improvements.

AGREEMENT OF PURCHASE AND SALE - The USPS will use its standard Agreement of Purchase and Sale.

SOME IMPORTANT CLAUSES FROM THE USPS AGREEMENT OF PURCHASE AND SALE:

4.3 AS‑IS WHERE-IS Purchase. Buyer acknowledges that Buyer has inspected the Property and any improvements, and that Buyer agrees to purchase the Property in its AS‑IS, WHERE-IS condition WITH ALL FAULTS, whether or not specifically raised herein or by attachment, without recourse, liability, or indemnification of any type from USPS. In no event shall the Purchase Price be reduced or the sale rescinded if the Property fails to correspond to the standard expected, or if Buyer's costs associated with its study and/or use of the Property exceed projections.

5.7 Costs. Buyer and USPS shall share the Closing Agent’s fees equally. In the event of a termination, if there are fees due the Closing Agent, Buyer's share of such fees shall be deducted from any refund of the Deposit under ¶¶ 3.2, 6.11 or by attachment hereto. Buyer agrees that USPS is not responsible for any other costs related to this transaction, including, without limitation, title evidence and costs, property surveys, insurance of any kind, taxes, recording fees and stamps, or environmental assessments, which costs shall not be credited towards the purchase price.

6.9.3 No Specific Performance. Under no circumstances shall Buyer be entitled to specific performance of this Agreement.

For additional information and to schedule tours of the property, please contact:

Ricky Read:

Email:  ricky@realestatelynchburg.com 

Phone:  Office 434.455.2285; Cell 434.841.3659

or

Rick Read:

Email:  rread@realestatelynchburg.com

Phone:  Office 434.455.3618

Please see Marketing Flier under the "Downloads" tab.

NOTE: No cooperating brokerage commission shall be paid by the USPS. Buyer’s broker, if any, shall seek commission compensation from the Buyer only.

The Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property, and/or terminate discussions with any entity at any time with or without notice. The Owner shall have no legal commitment or obligation to any entity reviewing the marketing materials or making an offer to purchase the Property unless and until written agreement(s) for the purchase of the Property have been fully executed, delivered and approved by the Owner, and any conditions to the Owner’s obligations have been satisfied or waived.

 

 

Current Use:Institutional/Governmental
Building Type: Free Standing Building

Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in. All information is deemed reliable but its accuracy is not guaranteed and the viewer should independently verify all information.

CBRE
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