12189 NY-16 - Department Store FOR SALE
Chaffee, NY 14030 |
$2,119,340 USD
864-553-1566
12189 NY-16
Chaffee, NY 14030
HIGHLIGHTS
- Below Replacement Cost: Acquire a Shopping Center at Just $18 Per Square Foot, Well Below Replacement Cost; This is a Low-Basis Investment Opportunity
- Value-Add Opportunity: 42% Leased, Providing Both Immediate Yield and Substantial Value-Creation Through Lease-Up
- Established Tenant History: Several Tenants Have Operated at the Center For Decades, Demonstrating Long-Term Occupancy and Location Loyalty
- Established National and Regional Tenants: The Center Features a Strong Tenant Mix Including Dollar General, Save-A-Lot, Five Star Bank
- Flexible Leasing Opportunity: Vacant Units Have Varying Sizes, Which Offers Maximum Flexibility to Accommodate a Wide Range of Tenant Types
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 115,872 SF Yorkshire Shopping Center, Located at 12189 NY-16 in Chaffee, NY. This Offering Presents a Value-Add Opportunity, With the Center Currently 42% Leased, Providing Both Immediate Yield and Substantial Value-Creation Through Lease-Up, Providing For a Secure Investment.
In Cooperation With SIG RE Services NY LLC - Lic. #10991233211 BoR: Andrew Ackerman - Lic. NY #10491210161
FOR SALE DETAILS
PRICE
$2,119,340 USD
PRICE/SF
$18 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Yorkshire Shopping Center - Chaffee, NY
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Department Store
ADD'L SUBTYPES
Freestanding, Storefront, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1920
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
17.98 AC
LAND SF
783,209 SF
ZONING
-
APN/PARCEL ID
146200-327-000-0001-037-000
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864-553-1566
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864-553-1566
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