Northmarq, as exclusive agent, is pleased to present to qualified investors the opportunity to acquire the fee simple interest in 69 Simonds Street, a single-tenant industrial asset located in Lockport, NY. The property is leased to United Parcel Service, Inc. (UPS), a global leader in logistics and package delivery services.
The 7,209 SF facility is strategically positioned to serve the Buffalo-Niagara regional market. Originally constructed in 1976 (roof replaced in 2023), the building is leased under a recently executed 10-year net lease, providing stable, long-term income with 3% rent escalations annually ensuring continued cash flow growth.
The property benefits from its industrial zoning and excellent access to regional highways, supporting UPS’s critical last-mile and regional logistics operations. As a mission-critical facility for the tenant, the site includes parking, staging areas for trucks and trailers, and improvements suited to UPS’s operational needs.
This investment offers secure income backed by an investment-grade tenant, located in New York’s robust logistics corridor near Buffalo, within a market experiencing continued industrial demand growth. The combination of credit tenancy, net lease structure, and contractual rent growth positions this asset as a compelling addition to any investment portfolio.