2860 Union Rd - Flex FOR SALE


Cheektowaga, NY 14227
$585,000 USD
716-465-1282
2860 Union Rd, Cheektowaga, NY for Sale
$585,000 USD
Flex - FOR SALE
1/17
null | 8% Cap Rate

2860 Union Rd
Cheektowaga, NY 14227


HIGHLIGHTS

  • Newly Built
  • NNN Lease Secured
  • 8% Cap rate

OVERVIEW

Great opportunity for a turn key Steel building constructed in 2022, fully leased 3500 sqft with an excellent 8% cap rate return on investment. Features a full NNN lease where the tenant covers all expenses. Equipped with radiant floor heating, 18-foot ceilings, and a 14-foot overhead door. Includes a steel roof, expansion potential, and a lot accommodating 20+ cars with easy loading/unloading access. Underground electric service (200 amps), LED lighting, and a spacious 20x48 storage loft (not counted in Sqft). NOI $46,800 per year. Tenant has 20 months remaining on his initial lease (11/27) and does have 2 five years options to extend. The base rent goes up to $4,100 per month when he renews the lease. As of now he has indicated that he will be using that option and extending for 5 years. Building cost $550,000 to construct in 2022. Tenant pays all expenses directly nothing is amortized in lease, landlord just receives $3,900 every month and annual receipts that taxes and insurance are paid. Great investment.

FOR SALE DETAILS

PRICE

$585,000 USD

PRICE/SF

$172 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Flex

ADD'L SUBTYPES

undefined, undefined, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

Lighting, Gas, Water, Sewer, Heating

CLEAR CEILING HT

18 Ft

DOCKS

-

DRIVE INS

1

PARKING SPACES

20

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

143089-113-120-0003-010-000

ASK ABOUT THIS PROPERTY

Todd DanniChubb - Aubrey Leonard Real EstateMore Info
716-465-1282

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Todd DanniChubb - Aubrey Leonard Real EstateMore Info
716-465-1282

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