6934 Elaine Dr - Office 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
Office - FOR SALE
1/37
null | 9% Cap Rate

NEW


6934 Elaine Dr
Niagara Falls, NY 14304
Greater Niagara Falls


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. Built for medical use, the property offers a functional healthcare layout, quality construction, ample on-site parking, and a convenient location serving the growing Niagara County market. With a long-standing medical tenant and attractive investment returns, this asset presents a rare opportunity to acquire a healthcare property with dependable cash flow. Investment Highlights: Over 9% capitalization rate 5,220± SF medical office building Built in 2007 Occupied by one of the busiest women's health medical practices in Western New York New 5-year lease to be signed at closing Two 2-year renewal options to be negotiated Strong in-place cash flow and tenant commitment Well-maintained professional medical facility Attractive sale-leaseback investment opportunity Recent lowered tax assessment Back-up Generator Located in Wheatfield/Niagara County Medical Buisness Park This offering combines the security of a medical-office tenant, above-market investment returns, and a modern healthcare facility, making it an excellent addition to any investor's portfolio.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$216 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

0.94 AC

LAND SF

40,946 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.