Log In/Sign Up
Your email has been sent.
111 Grant Ave 41,000 SF Office Building Endicott, NY 13760 $2,500,000 ($60.98/SF) 9.67% Cap Rate
INVESTMENT HIGHLIGHTS
- History of full occupancy with professional tenants
- Abundant on-site parking - 4.5/1,000 ratio
- Set on a 2.1 acre parcel
- New in 2016: Entire HVAC system; controlled access on all building and tenant entry door,
- Professional Main Lobby/Elevator Served
EXECUTIVE SUMMARY
111 Grant Ave. is a 38,517 usable square foot multi-tenanted office building (generally, multi-tenanted office buildings in this region are rented on a usable, not rentable, basis) and this building has a gross measurement of 38,517 square feet. Located in village of Endicott, this Class A office property that has a solid roster of seven tenants. 74% of 111 Grant Ave. is occupied by tenants that have resided in the building for more than six years., a solid indicator of this building economic strength.
111 Grand Ave. offers numerous amenities including: a spacious main lobby with comfortable seating, controlled access, multiple common conference rooms (available at no charge) and abundant free parking.
In the event a purchaser has a requirement for up to 15,000 square feet of office space, the major tenant in this building has the ability to relocate up to 15,000 sf of space.
111 Grand Ave. offers numerous amenities including: a spacious main lobby with comfortable seating, controlled access, multiple common conference rooms (available at no charge) and abundant free parking.
In the event a purchaser has a requirement for up to 15,000 square feet of office space, the major tenant in this building has the ability to relocate up to 15,000 sf of space.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$570,348
|
$13.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$570,348
|
$13.91
|
| Taxes |
$93,893
|
$2.29
|
| Operating Expenses |
$234,693
|
$5.72
|
| Total Expenses |
$328,586
|
$8.01
|
| Net Operating Income |
$241,762
|
$5.90
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $570,348 |
| Annual Per SF | $13.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $570,348 |
| Annual Per SF | $13.91 |
| Taxes | |
|---|---|
| Annual | $93,893 |
| Annual Per SF | $2.29 |
| Operating Expenses | |
|---|---|
| Annual | $234,693 |
| Annual Per SF | $5.72 |
| Total Expenses | |
|---|---|
| Annual | $328,586 |
| Annual Per SF | $8.01 |
| Net Operating Income | |
|---|---|
| Annual | $241,762 |
| Annual Per SF | $5.90 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Building Size
41,000 SF
Building Class
A
Year Built/Renovated
1979/1996
Price
$2,500,000
Price Per SF
$60.98
Cap Rate
9.67%
NOI
$241,762
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
21,283 SF
Slab To Slab
11’
Building FAR
0.45
Lot Size
2.10 AC
Opportunity Zone
Yes
Zoning
Comm - General Professional Office
Parking
147 Spaces (3.81 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Bus Line
- Controlled Access
- Conferencing Facility
- Courtyard
- Property Manager on Site
- Security System
- Direct Elevator Exposure
- Monument Signage
- Air Conditioning
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | 034601-157-007-0001-046-000-0000 | Total Assessment | $66,960 |
| Land Assessment | $21,300 | Annual Taxes | $93,893 ($2.29/SF) |
| Improvements Assessment | $45,660 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
034601-157-007-0001-046-000-0000
Land Assessment
$21,300
Improvements Assessment
$45,660
Total Assessment
$66,960
Annual Taxes
$93,893 ($2.29/SF)
Tax Year
2024
1 of 31
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
111 Grant Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.