6934 Elaine Dr - Medical FOR SALE


Niagara Falls, NY 14304- Greater Niagara Falls
$1,125,000 USD
716-946-5438
6934 Elaine Dr, Niagara Falls, NY for Sale
$1,125,000 USD
Medical - FOR SALE
1/37
null | 9.11% Cap Rate

6934 Elaine Dr
Niagara Falls, NY 14304
Greater Niagara Falls


HIGHLIGHTS

  • Over 9% capitalization rate
  • Built in 2007
  • Occupied by one of the busiest women's health medical practices in Western NY
  • Back up Generator

OVERVIEW

Investment Opportunity! – Over 9% Cap Rate Exceptional investment opportunity featuring one of the busiest women's health medical practices in Western New York. This well-maintained 5,220± square foot medical office building, constructed in 2007, provides investors with stable income backed by an established and thriving medical practice. The current owner will execute a new 5-year lease at closing, with two additional 2-year renewal options to be negotiated. In addition, the property benefits from a 5-year lease with an existing subtenant. The property has also recently undergone a successful tax assessment challenge, resulting in reduced real estate taxes, which improves the property's net operating income and overall investment performance.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

9.11%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,431 SF

ZONING

I1

APN/PARCEL ID

294000-161-011-0005-003-000

ASK ABOUT THIS PROPERTY

Leah CurioneHunt Commercial Real EstateMore Info
716-946-5438

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Leah CurioneHunt Commercial Real EstateMore Info
716-946-5438

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