2575 Broadway - Warehouse FOR SALE


Cheektowaga, NY 14227
$3,737,228 USD
424-600-7998
2575 Broadway, Cheektowaga, NY for Sale
$3,737,228 USD
Warehouse - FOR SALE
1/18
null | 7.9% Cap Rate

2575 Broadway
Cheektowaga, NY 14227


HIGHLIGHTS

  • Very High-Quality Industrial Asset in Prime Location with Strong Corporate Guarantee
  • 20’ Clear Height - Entire Building is High Bay Industrial - Fully Renovated Building.
  • Over $1 Million Invested in Renovating the Building to Tenants’ Specifications
  • Very Low Industrial Market Vacancy at 1.9%
  • Centrally Located in Buffalo’s Industrial Corridor and Strategic Location Off The I-90 For Easy Access to Western NY
  • Ample Parking and Space for Truck Turnaround - New Outdoor Fenced Bulk Storage Area with New Lighting and Paved Parking Lot.

OVERVIEW

Marketing Description Tenant & Guaranty Tenant: Reimer Heating, Cooling & Plumbing, LLC Long-standing HVAC, plumbing & electrical services company — founded in 1921 Guarantor: Apex Service Partners LLC (backed by Alpine Investors with $3.4B in funding) Apex acquired Reimer in 2023 and is an industry leader with 8,000+ employees nationwide Credit Strength: Strong corporate guaranty from Apex Service Partners Property Features: $1M+ in renovations (2024) + tenant capex investment: New parking lot, site lighting, landscaping & irrigation Expanded/reconfigured 10,125 SF of modern office space 14,275 SF of 20' clear high bay industrial space 5 loading docks + 2 new grade-level doors Excellent condition and fit for R&D, light manufacturing, and distribution Location Highlights: Situated in Buffalo’s key industrial corridor (low 1.9% industrial vacancy; submarket 1.4%) 6 miles to Downtown Buffalo Convenient access to I-90 and Canadian border Surrounding businesses: Power-Flo Technologies, Niagara Transformer, Benlin Distribution, etc. Investment Highlights Absolute NNN lease (pass-throughs + admin fee) Strong credit — corporate guarantee from private-equity-backed parent Significant 2024 property upgrades Low-vacancy market with strong industrial demand ? Located in a strategic Buffalo corridor Investment Highlights: • Very High-Quality Industrial Asset in Prime Location • Fronting A Major Thoroughfare with Excellent Visibility - Located Directly on Broadway • Strategic Location Off The I-90 For Easy Access to Western NY. • New NNN Lease - Tenant Reimburses for ALL Costs in Maintaining the Property • Over $1 Million Invested in Renovating the Building to Tenants’ Specifications • New Landscaping and New Irrigation Systems • New Outdoor Fenced Bulk Storage Area with New Lighting and Paved Parking Lot. • Ample Parking and Space for Truck Turnaround • Very Strong Corporate Guarantee from Parent Company • Tight Industrial Market, With A 1.9% Vacancy Rate. • Five (5) 8'x8' Dock Height Doors: Two (2) With Power Dock Levelers. • Three (3) Overhead Doors: Two (2) 10'x10: And One (1) 12'x14' • Building Size: 24,400 On 2.26-Acre Lot • 20’ Clear Height - Full High Bay Industrial - Fully Renovated Building. • Building Can be Subdivided in the Future for Small Bay Industrial (Higher Rents) • 2.75% Annual Rental Increases And 3.00% Annually in the Option Period. Please Call Joel at 424-600-7998 to learn more about this opportunity. Thank you

FOR SALE DETAILS

PRICE

$3,737,228 USD

PRICE/SF

$153 USD /SF

CAP RATE

7.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Reimer Home Services - 20ft High Bay

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Distribution, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

5

DRIVE INS

3

PARKING SPACES

44

LAND DETAILS

LAND ACRES

2.26

LAND SF

98,446

ZONING

05C

APN/PARCEL ID

143089-102-180-0004-002-000

ASK ABOUT THIS PROPERTY

Joel CukierNorthmarqMore Info
424-600-7998

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Joel CukierNorthmarqMore Info
424-600-7998

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.