3505 Thomas Dr - Office FOR SALE


Livonia, NY 14487
$850,000 USD
585-381-4400
3505 Thomas Dr, Livonia, NY for Sale
$850,000 USD
Office - FOR SALE
1/26
null | 9.18% Cap Rate

Aug '26


3505 Thomas Dr
Livonia, NY 14487


OVERVIEW

Modern well built one story building in excellent condition leased to the Dormitory Authority State of NY which has a triple A credit rating. The current tenant pays $8821.50 per month plus cams and tax and insurance escalators. The tenant has been there since 2010. Current lease expires 8/30/26 and the tenant has one five year renewal option. The owner feels confident that the tenant will renew. ADA compliant. Located right across from Conesus Lake in Lakeville NY. Excellent cash flow. 9.05% cap rate. Income and expense is attached.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$114 USD /SF

CAP RATE

9.18%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

3505 Thomas Dr

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1990

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.62 AC

LAND SF

70,781 SF

ZONING

05

APN/PARCEL ID

243489-065-000-0001-066-211-0000

ASK ABOUT THIS PROPERTY

Rick LeasureHoward Hanna Real Estate ServicesMore Info
585-381-4400

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Rick LeasureHoward Hanna Real Estate ServicesMore Info
585-381-4400

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