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Industrial Property For Sale

Self Storage Facility Zoned for Expansion

2020 Electric Ave, Lackawanna, NY 14218

Price:
$499,000
Building Size:
5,000 SF
Price/SF:
$99.80
Property Type:
Industrial
Property Sub-type:
Self/ Mini-Storage Facility
Property Use Type:
Investment
Cap Rate:
8.20%
Occupancy:
100%
Tenancy:
Multiple
Year Built:
2006
Lot Size:
3.30 AC
Find Out More...

Last Verified 11/18/2009 Listing ID 15795562

Highlights

Been approved for additional 48,000 sq. ft self storage
New drainage system
Built in 2006

Fully rented
House/Office built in 2008
1 mile to I-90

Description

Current Self Storage built in 2006, fully rented. 30 unit storage units totaling 5000 sq. ft. Current outside storage for cars, trucks, boats and RV's House/Office built in 2008 3 bedrooms/2 bath, 1700 sq. ft. living space, 700 sq. ft. office. Additional features - Approved for additional 48,000 sq. ft self storage, for a projected additional income of $337,200 annual
Lot size 3.3 acres, new drainage system. 1 mile to I-90

1 mile from Interstate 90. 2020 Electric Avenue, Lackawanna NY

Financial Summary

Actual
Effective Gross Income
$44,820
Operating Expenses
$4,100
Net Operating Income
$40,720

Map of 2020 Electric Ave, Lackawanna, NY 14218 (Erie County)

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Contact Listing Broker

Alan Hastings (716) 886-3325 Ext: 13

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Created 7/10/2008

Additional Information for 2020 Electric Avenue, Buffalo, NY 14219

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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