2575 Broadway - Manufacturing FOR SALE


Cheektowaga, NY 14227
$4,373,940 USD
424-600-7998
2575 Broadway, Cheektowaga, NY for Sale
$4,373,940 USD
Manufacturing - FOR SALE
1/8
null | 6.75% Cap Rate

2575 Broadway
Cheektowaga, NY 14227


HIGHLIGHTS

  • Strong Corporate Guaranty - Apex Industrial Services $19 Billion
  • 20’ Clear Height High Bay Industrial Building
  • Attractive 2.75% Annual Rental Increases
  • Low 1.9% Vacancy Industrial Market
  • Centrally Located in Buffalo’s Industrial Corridor
  • Successful Operator with 100 Years of Operating Experience

OVERVIEW

Offers encouraged - Seller 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 fully Single-Tenant Industrial investment, buildout to tenants specifications located in Cheektowaga, New York. The Credit Tenant is a portfolio company of PE firm ALPINE Investors ($19B AUM) recently signed a new 5 year NNN lease with 2.75% Annual increases throughout the base term and 3.00% annually 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.

FOR SALE DETAILS

PRICE

$4,373,940 USD

PRICE/SF

$182 USD /SF

CAP RATE

6.75%

% 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

2

PARKING SPACES

44

LAND DETAILS

LAND ACRES

2.27

LAND SF

98,881

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.