|Price Range 12mo avg:||$2M – $4.4M|
|$/sf 12mo avg:||$127.46|
|CAP Rate 12mo avg:||8.40%|
|Lease Terms:||13yrs NN|
|Building Size avg:||22,900 SF|
|Lot Size avg:||1.30+/- acres|
Office Depot, Inc. is a global supplier of office products and services. The company was incorporated in 1986 with the opening of our first retail store in Fort Lauderdale, Florida. Formed by the merger of Office Depot and OfficeMax, Office Depot, Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school, or car.
Office Depot, Inc. is a resource and a catalyst to help customers work better. We are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.
The company has combined pro forma annual sales of approximately $16 billion, employs more than 56,000 associates, and serves consumers and businesses in 56 countries with more than 1,800 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – all delivered through a global network of wholly owned operations, joint ventures, franchisees, licensees and alliance partners. The company operates under several banner brands including Office Depot, OfficeMax, OfficeMax Grand & Toy, Reliable and Viking. The company’s portfolio of exclusive product brands include TUL, Foray, DiVOGA, Ativa, WorkPRO, Realspace and HighMark.
|S&P Credit Rating:||B-|
|Moody’s Credit Rating:||B2|
|Annual Revenue 2014:||$16.10B|
|Annual Revenue 2013:||$11.24B|
|Revenue Growth:||↑ 43% from 2013|
|Units (Dec. 2014)||1,745|
|Average Units Volume:||$9.2M|
On February 4, 2015, Staples, Inc. (“Staples”) and the Company announced that the companies have entered into a definitive merger agreement (the “Staples Merger Agreement”), under which Staples will acquire all of the outstanding shares of Office Depot and the Company will become a wholly owned subsidiary of Staples (the “Staples Acquisition”). Under the terms of the Staples Merger Agreement, Office Depot shareholders will receive, for each Office Depot share held by such shareholders, $7.25 in cash and 0.2188 of a share in Staples common stock at closing.Each employee share-based award outstanding at the date of the agreement will vest upon the effective date of the Staples Acquisition. The transaction has been approved by both companies’ Board of Directors and the completion of the Staples Merger is subject to customary closing conditions including, among others, the approval of Office Depot shareholders and various regulatory approvals. The transaction is anticipated to close before the end of 2015. Refer to the Company’s Form 8-K filed February 4, 2015 for additional information on the transaction. We cannot guarantee that the Staples Acquisition will be completed or that, if completed, it will be exactly on the terms as set forth in the Staples Merger Agreement.
Yahoo! Finance: ODP News Latest Financial News for ODP
Office Depot’s CompuCom Wins IoT Innovator Award from Compass Intelligence
on October 17, 2018 at 2:32 pm
CompuCom®, a subsidiary of Office Depot, Inc. (ODP) and a leading provider of managed digital workplace services, today announced it has won the CompassIntel IoT Innovator Award from market intelligence and advisory firm Compass Intelligence. The CompassIntel IoT Innovator Awards program recognizes companies that demonstrate innovative product technologies or suites of products/solutions/services that support industry innovation, advancements in processes or operations, and leading solutions that are differentiated and groundbreaking. […]
Office Depot, Inc. Expands Marketing Agency of Record Duties with WPP
on October 17, 2018 at 1:09 pm
BCW Group Joins Y&R-led Office Depot Partners […]
See what the IHS Markit Score report has to say about Office Depot Inc.
on October 10, 2018 at 12:00 pm
Office Depot Inc NASDAQ/NGS:ODP […]
Office Depot’s CompuCom Launches ‘Self Healing Healthcare’ to Help Organizations Automate Tech Support and Slash Downtime
on October 8, 2018 at 3:06 pm
IT automation and artificial intelligence improve patient and provider experienc […]
Top Ranked Income Stocks to Buy for October 5th
on October 5, 2018 at 1:57 pm
Top Ranked Income Stocks to Buy for October 5t […]