Integra Realty Resources Orange County helps reduce local Post Office overhead

IRR-Orange County awarded USPS leased sites to appraise

LAGUNA HILLS, CA - Faced with plummeting mail volume traced to the recession and increased use of the Internet, the Postal Service is projecting a deficit of nearly $7 billion for the next fiscal year.

 Despite reducing expenses by more than $1 billion every year since 2001, a budget gap remains. Some local carrier annexes have prepared to fight rising costs by obtaining current market value appraisals on the leases in place.

Aliso Viejo (2 sites), Gardena, and Compton wisely decided to re-evaluate and negotiate their commercial retail site rents. Most of the leases were signed during the height of the market in 2005 & 2006.

"Buena Park USPS site has been on a honey moon for about 40 years paying rent at pennies a sq ft." states Troy Webb, CGA of IRR- Orange County.

 The good news is current rental rates were obtained at approximately 50% off for all sites. 

 Oddly things won't fare too bad for the Buena Park site with the honeymoon over, while substantially bolstering the cost savings efforts of the United States Postal Service thanks to the diligent and difficult due- diligence & assignment undertaken by Integra Realty Resources- Orange County and Troy Webb, CGA. 

These efforts are part of a fair and balanced approach to insuring mail service for all Americans well into the future. Postmaster General John E. Potter (middle left  photo) said he does not want customers to bear the burden of dramatic price increases.

 Integra Realty Resources - Orange County appreciates helping the USPS and would welcome the opportunity to help you obtain accurate asset valuations of a single site or a portfolio of properties.

 Integra Realty Resources- Orange & Riverside Counties combines the quality and resources of a national firm with market knowledge and superior service delivered from a locally owned office.

Core Services Provided; Appraisal, Consulting, Portfolio Valuation, Partial Interest Valuation, Market & Feasibility Analysis & Due Diligence. Specialty Practice Services; Litigation Support, Advisory Services, Ad Valorem Tax Consulting, Due Diligence, Buyer/Seller Advisory Services, and Market Studies.

  The Postal Service receives no tax dollars for operating expenses, and relies on the sale of postage, products and services to fund its operations

Contact:  Debi Simon, Integra Realty Resources Orange & Riverside Counties, Phone 949-709-7200 X 234; Email: dsimon@irr.com

Web site: http://www.irr.com/About/Office.asp?Task=Management&RefItem=OrangeCountyCA