2575 Broadway - Manufacturing FOR SALE


Cheektowaga, NY 14227
$3,809,561 USD
424-600-7998
2575 Broadway, Cheektowaga, NY for Sale
$3,809,561 USD
Manufacturing - FOR SALE
1/24
null | 7.75% Cap Rate

2575 Broadway
Cheektowaga, NY 14227


HIGHLIGHTS

  • Very High-Quality Industrial Asset in Prime Location with Strong Corporate Guarantee - Apex Industrial Services - $19 Billion AUM
  • 20’ Clear Height - Entire Building is High Bay Industrial - Fully Renovated Building.
  • Over $1 Million Invested in Renovating the Building to Tenants’ Specifications
  • Very Low Industrial Market Vacancy at 1.9%
  • Centrally Located in Buffalo’s Industrial Corridor and Strategic Location Off The I-90 For Easy Access to Western NY
  • Ample Parking and Space for Truck Turnaround - New Outdoor Fenced Bulk Storage Area with New Lighting and Paved Parking Lot.

OVERVIEW

Offers encouraged - Seller is realistic and will entertain all serious offers. Please call Joel: 424-600-7998 with any questions. Northmarq is pleased to offer for sale the fee simple interest in a Single-Tenant Industrial investment opportunity, fully renovated and built out to the tenants specifications. The Credit Tenant, Apex Industrial Services is a portfolio company of Private Equity firm ALPINE Investors with $19B in assets under management. The tenant recently signed a new 5 year NNN lease with 2.75% Annual increases throughout the base term and 3.00% increases during the option periods. The Property consists of a 24,400 SF building on a 2.265-acre lot, 20ft High Bay Industrial building located strategically directly off the I-90 with easy access to all of Western NY.

FOR SALE DETAILS

PRICE

$3,809,561 USD

PRICE/SF

$156 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Apex Service Partners - 20ft High Bay

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

ADD'L SUBTYPES

Distribution, Service, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

UTILITIES

-

CLEAR CEILING HT

20 Ft

DOCKS

5

DRIVE INS

3

PARKING SPACES

44

LAND DETAILS

LAND ACRES

2.26

LAND SF

98,446

ZONING

05C

APN/PARCEL ID

143089-102-180-0004-002-000

ASK ABOUT THIS PROPERTY

Joel CukierNorthmarqMore Info
424-600-7998

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Joel CukierNorthmarqMore Info
424-600-7998

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