| Price Range 12mo avg: | $2M – $4.4M |
|---|---|
| $/sf 12mo avg: | $127.46 |
| CAP Rate 12mo avg: | 8.40% |
| NOI average: | $248,243 |
| 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 |
| Net Income | $354M |
| 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
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Zoom green screens, but not pants: Here are the new work from home essentials
on April 2, 2020 at 2:18 pm
Millions of Americans have recently shifted to working from home full-time as most states have adopted stay-at-home guidelines to prevent the spread of COVID-19 from getting worse. Take Jill Sanfilippo, a corporate paralegal in Montgomery, N.J., who bought a $150 padded stool/bench on Amazon (AMZN) so that she has a cushier seat while toggling between two laptops. “I’m working at the kitchen counter while my son is schooling at the dining room table, so it’s a long day of standing!” Sanfilippo, 48, told MarketWatch. […]
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Office Depot’s New Same-Day Delivery Service Offers Fast and Convenient Delivery
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Office Depot announces same-day delivery from approximately 1,100 stores. […]
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Office Depot, Inc. Announces Board Approval of Holding Company Reorganization
on March 31, 2020 at 8:30 pm
Office Depot, Inc. today announced its Board of Directors approved proceeding with the implementation of a holding company reorganization. […]
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Is Coronavirus Putting Miscellaneous Retail Industry in Peril?
on March 30, 2020 at 3:02 pm
Is Coronavirus Putting Miscellaneous Retail Industry in Peril? […]
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Office Depot (ODP) Down 17.4% Since Last Earnings Report: Can It Rebound?
on March 27, 2020 at 3:30 pm
Office Depot (ODP) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues. […]
NASDAQ: ODP
