69 Simonds St - Warehouse FOR SALE


Lockport, NY 14094
$949,000 USD
646-845-8426
69 Simonds St, Lockport, NY for Sale
$949,000 USD
Warehouse - FOR SALE
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null | Request Cap Rate

69 Simonds St
Lockport, NY 14094


HIGHLIGHTS

  • Investment Grade Credit Guarantee
  • Below Market Rent
  • 3% Annual Increases
  • Mission Critical Last Mile Facility
  • Nearly 50-Year Operating History At This Location
  • Recently Renewed Lease + Long Term Occupancy

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

United Parcel Service (UPS)

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1976

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

-

DRIVE INS

3

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.44

LAND SF

19,023

ZONING

I3

APN/PARCEL ID

290900-108-083-0001-027-001

ASK ABOUT THIS PROPERTY

Shaan DadlaniNorthmarqMore Info
646-845-8426

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Shaan DadlaniNorthmarqMore Info
646-845-8426

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