Jere E. Cooper Federal Building - USPS

The Ficke Team of Colliers has been retained to exclusively market for sale the Jere E. Cooper Federal Building located at 309 North Church Ave., Dyersburg, TN, 38024.

This multi-tenanted building consists of 33,318 rentable square feet and is anchored by the United States Post Office (USPS), representing 53.50% of the property with its full-service post office that includes passport application processing. This is a busy and effective Post Office with 21 carrier routes in zip code 38024. The USPS lease renewed on August 1, 2024, for 5-years firm term, and includes tenant responsibility for 53% of the real estate taxes.

In addition to the USPS, there are two federal government tenants, the U.S. Fish and Wildlife Service, and the Office of Hearing and Appeals. The U.S. Fish and Wildlife renewed their lease effective August 1, 2022, for 10-years firm and 15-years overall. The Office of Hearing and appeals leased commenced June 15, 2019, for 10-years firm 15 years overall with a 5-year renewal option. The weighted average remaining lease term for the three (3) government tenants is 5.18 years firm term and 7.08 years overall. There are also seven (7) private, long-term tenants, and a value-add component to lease two vacant suites.