3133 Erie Blvd E - Freestanding FOR SALE


Syracuse, NY 13214
$12,010,000 USD
315-447-4543
3133 Erie Blvd E, Syracuse, NY for Sale
$12,010,000 USD
Freestanding - FOR SALE
1/3
null | 8% Cap Rate

3133 Erie Blvd E
Syracuse, NY 13214


HIGHLIGHTS

  • Surmount is pleased to present the exclusive listing for the four-tenant retail center located at 3133-3137 Erie Boulevard East in Syracuse, NY.
  • The center is anchored by Caliber Collision, a nationally recognized brand operating under a long-term lease.
  • The combination of established national tenants and long-term lease commitments enhances the stability and investment appeal of the asset.
  • Caliber Collision takes up nearly 31% of the GLA, which is a national auto repair brand with a long-term lease through 2039, anchoring the center.
  • Assumable financing is available and the financial information is included in the OM.
  • United Auto Supply, a wholesale distributor of auto parts, will do a sale leaseback at the COE for a 10 year lease at $24.00/SF rent.

OVERVIEW

Surmount is pleased to present the exclusive listing for the four-tenant retail center located at 3133-3137 Erie Boulevard East in Syracuse, New York. The property consists of approximately 55,505 rentable square feet situated on 4.99 acres of land. The center is anchored by Caliber Collision, a nationally recognized brand operating under a long-term lease, and will be further strengthened by a new 10-year lease commencing at the close of escrow with United Auto Supply - a leading wholesale distributor of original equipment and aftermarket automotive parts and accessories. The combination of established national tenants and long-term lease commitments enhances the stability and investment appeal of the asset.

FOR SALE DETAILS

PRICE

$12,010,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brand New Caliber Collision + 3 Tenant Strip

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1977

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.99 AC

LAND SF

217,364 SF

ZONING

05

APN/PARCEL ID

312601-009-000-0008-003-002-0000

ASK ABOUT THIS PROPERTY

Joe DurkinSurmountMore Info
315-447-4543

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Joe DurkinSurmountMore Info
315-447-4543

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