305 Spindrift Dr
Williamsville, NY 14221
Office Property For Sale
Property Facts
About 305 SPINDRIFT DR , WILLIAMSVILLE, NY 14221
305 Spindrift Drive consists of one, single-story, office building located in Williamsville, NY, approximately 13 miles outside of downtown Buffalo. The building sits on 3.02 acres and is well-parked with over five stalls per 1,000 square feet. The Property was constructed in 1998 as a built-to-suit for the current tenant, Automatic Data Processing (ADP). ADP originally had a ten-year lease through August 2014. Since then, the tenant has executed three separate lease extensions – a two year renewal through August 2016, a one-year renewal through August 2017, and a six-month renewal through February 2018 at significantly above market rents. The tenant is reportedly in the market for space in which to downsize. The Property has been maintained well by the current tenant, however, the roof and HVAC units are original to the building. While both are in good condition and are not in need of any immediate repairs, they are original to the building and are coming toward the end of their useful lives.
Property Taxes
| Parcel Number | 142289-081-020-0001-017-000 | Improvements Assessment | $2,325,000 |
| Land Assessment | $915,000 | Total Assessment | $3,240,000 |
Property Taxes
