NOW BEING OFFERED, AN ACCEPTIONAL "VALUE ADD" MULTI BUILDING ASSET WITH TREMENDOUS CASH FLOW! 23 BUILDINGS, LOCATED IN THE UNIVERSITY HEIGHTS DISTRICT OF BUFFALO, N.Y.
169 MERRIMAC IS BEING SOLD WITH 22 OTHER PROPERTIES AS A PROFITABLE STUDENT HOUSING PACKAGE THAT IS WITHIN WALKING DISTANCE TO SUNY BUFFALO.
ALL BUILDINGS ARE 100% LEASED.
LEASES ARE ANNUAL LEASES, WITH 12 MONTH AGREEMENTS AND THERE IS ONE LEASE PER BUILDING.
OWNER OF 30 YEARS LOOKING TO RETIRE! CONTINUOUS CAP EX. IS ONGOING. ALL LEASES TERMINATE IN MAY.
CURRENT INPLACE CAP RATE IS APPROX. 13.0%
ALL BUILDINGS STRATEGICALLY LOCATED NEAR EACH OTHER.
OPTION TO TAKE OVER CURRENT STAFF
3077 MAIN ST. IS A MIXED USED BUILDING THAT SERVES AND AN OFFICE FOR MANAGMENT WITH 3 APARTMENTS.
NDA REQUIRE BEFORE TOURS, PLEASE SEE SUPPLIMENTS ATTACHED
SEE INVENTORY LIST - PRICED TO SELL!!!