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11650 Genesee St 16,885 SF 100% Leased Industrial Building Alden, NY 14004 $1,025,000 ($60.70/SF) 10.83% Cap Rate
Investment Highlights
- 800 Amp/ 480-277 V / 3-phase, high exposure approx. 2.25acre lot, zoned industrial - OWNER FINANCING AVAILABLE - Quick closing, ideal for 1031.
Executive Summary
So many options available.
Owner/Occupant - you can occupy as little as 6,885 SF and collect rental income on remaining 10,000 SF OR you can occupy entire 16,885 SF.
Investor/Owner - have two (2) quality tenants (one a national retailer) ready to sign new leases based on a 5 & 7 year term.
With $400,000 down pay't, Owner will hold 1st mortgage at favorable terms resulting in substantial savings and fast, transaction speed for 1031 exchanges
Value-add development potential on prime, busy +/- 2.25acre, CORNER LOT, zoned industrial. Ideal development opportunities for user wanting terrific exposure or future self-
storage development.
Building features HARD TO FIND 480-277V, 3-phase power - bldg. has (3) separate gas & electric meters. NEW ROOF (2022)/ large drive-in doors and (1) truck-dock with power
leveler, crane rails in part of bldg. and much more.
Whatever your needs this property can accommodate. Call to discuss the many options available.
Owner/Occupant - you can occupy as little as 6,885 SF and collect rental income on remaining 10,000 SF OR you can occupy entire 16,885 SF.
Investor/Owner - have two (2) quality tenants (one a national retailer) ready to sign new leases based on a 5 & 7 year term.
With $400,000 down pay't, Owner will hold 1st mortgage at favorable terms resulting in substantial savings and fast, transaction speed for 1031 exchanges
Value-add development potential on prime, busy +/- 2.25acre, CORNER LOT, zoned industrial. Ideal development opportunities for user wanting terrific exposure or future self-
storage development.
Building features HARD TO FIND 480-277V, 3-phase power - bldg. has (3) separate gas & electric meters. NEW ROOF (2022)/ large drive-in doors and (1) truck-dock with power
leveler, crane rails in part of bldg. and much more.
Whatever your needs this property can accommodate. Call to discuss the many options available.
Property Facts
Utilities
- Lighting
- Gas - Natural
- Water - County
- Heating - Gas
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Property Taxes
| Parcel Number | 142089-085-030-0001-003-000 | Improvements Assessment | $333,000 |
| Land Assessment | $67,000 | Total Assessment | $400,000 |
Property Taxes
Parcel Number
142089-085-030-0001-003-000
Land Assessment
$67,000
Improvements Assessment
$333,000
Total Assessment
$400,000
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11650 Genesee St
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