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