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CEDARHURST, NY—Postal Realty Trust has closed on the acquisitionof 21 of the 22 properties that the REIT announced it was buyinglast month for $13.8 million. The total acquisition price of theportfolio is $15.5 million. The remaining property is scheduled toclose during the third quarter of 2020.
The entire portfolio consists of 91,900 net leasable interiorsquare feet and generates a weighted average rental rate of $15.60per net leasable interior square foot.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
