69 Simonds St - Warehouse FOR SALE


Lockport, NY 14094
$679,000 USD
980-498-3293
69 Simonds St, Lockport, NY for Sale
$679,000 USD
Warehouse - FOR SALE
1/4
null | 6.5% Cap Rate

69 Simonds St
Lockport, NY 14094


HIGHLIGHTS

  • NEARLY 50 YEARS OF CONTINUOUS OCCUPANCY - LONG-TERM COMMITMENT UPS has operated from this facility since 1976 and recently UPS has operated continuous
  • INVESTMENT-GRADE CORPORATE CREDIT - S&P A RATED GUARANTY Corporate-guaranteed lease backed by United Parcel Service (NYSE: UPS), one of the world's la
  • MISSION-CRITICAL LAST-MILE DISTRIBUTION FACILITY Purpose-built last-mile logistics facility serving the Buffalo-Niagara region with significant functi

OVERVIEW

- NEARLY 50 YEARS OF CONTINUOUS OCCUPANCY - LONG-TERM COMMITMENT UPS has operated from this facility since 1976 and recently UPS has operated continuously from this facility since 1976 and recently extended its lease through 2033, demonstrating the property's mission-critical role within its regional distribution network. - INVESTMENT-GRADE CORPORATE CREDIT - S&P A RATED GUARANTY Corporate-guaranteed lease backed by United Parcel Service (NYSE: UPS), one of the world's largest logistics companies with approximately $91 billion in annual revenue. - MISSION-CRITICAL LAST-MILE DISTRIBUTION FACILITY Purpose-built last-mile logistics facility serving the Buffalo-Niagara region with significant functional utility and high relocation costs. - ATTRACTIVE ANNUAL RENT GROWTH - 3% ESCALATIONS EVERY YEAR Lease provides built-in 3% annual rent increases throughout both the primary term and option periods, creating durable NOI growth and long-term inflation protection. - STRATEGIC WESTERN NEW YORK LOGISTICS LOCATION Excellent connectivity to I-90, I-190, I-290 and Route 990 provides efficient access throughout Western New York and the U.S.-Canada freight corridor. - LOW BASIS NET LEASE INVESTMENT Offered at an attractive price point below $700,000, creating broad appeal to private investors seeking investment-grade credit and passive income.

FOR SALE DETAILS

PRICE

$679,000 USD

PRICE/SF

$94 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

UPS - Lockport, NY

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

-

LAND DETAILS

LAND ACRES

0.44

LAND SF

19,023

ZONING

-

APN/PARCEL ID

290900-108-083-0001-027-001

ASK ABOUT THIS PROPERTY

David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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David HoppeAtlantic Capital PartnersMore Info
980-498-3293

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