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401 E Amherst St 16,821 SF 100% Leased Flex Building Buffalo, NY 14215 $4,200,000 ($249.69/SF) 9.86% Cap Rate
Investment Highlights
- NNN investment opportunity with a 9% cap rate. 16,821 SF freestanding office/industrial building on 3.5 acres
- Recent improvements include new roof, HVAC, parking lot, paint, flooring, new lighting (2019) and updated bathrooms/kitchen (2020)
- Compressed natural gas (CNG) station on-site with a 2-milliongallon annual capacity
- Secure, fenced lot with parking for 185 vehicles. 13,100 SF of finished office space and 3,700 SF vehicle service center
- Features 25’ clear height, three (3) 14’x14’ grade doors, parts room, and dispatch office
- Strategic location 1 mile from Route 33 Kensington Expressway. Ideal for: NNN Investors
Executive Summary
NNN investment opportunity with a 9% cap rate.16,821 SF freestanding office/industrial building on 3.5 acres. Secure, fenced lot with parking for 185 vehicles. 13,100 SF of finished office space and 3,700 SF vehicle service center. Recent improvements include new roof, HVAC, parking lot, paint, flooring, new lighting (2019) and updated bathrooms/kitchen (2020). Features 25' clear height, three (3) 14'x14' grade doors, parts room, and dispatch office. Compressed natural gas (CNG) station on-site with a 2-million-gallon annual capacity. Strategic location 1 mile from Route 33 Kensington Expressway. Ideal for: NNN Investors.
Property Facts
| Price | $4,200,000 | Lot Size | 3.58 AC |
| Price Per SF | $249.69 | Rentable Building Area | 16,821 SF |
| Sale Type | Investment NNN | No. Stories | 1 |
| Cap Rate | 9.86% | Year Built | 1996 |
| Property Type | Flex | Parking Ratio | 11/1,000 SF |
| Property Subtype | Light Distribution | Clear Ceiling Height | 25’ |
| Building Class | B | No. Drive In / Grade-Level Doors | 3 |
| Zoning | D-IL - Light Industrial | ||
| Price | $4,200,000 |
| Price Per SF | $249.69 |
| Sale Type | Investment NNN |
| Cap Rate | 9.86% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 3.58 AC |
| Rentable Building Area | 16,821 SF |
| No. Stories | 1 |
| Year Built | 1996 |
| Parking Ratio | 11/1,000 SF |
| Clear Ceiling Height | 25’ |
| No. Drive In / Grade-Level Doors | 3 |
| Zoning | D-IL - Light Industrial |
Amenities
- Fenced Lot
- Reception
- Air Conditioning
Property Taxes
| Parcel Number | 140200-090-230-0006-001-112 | Improvements Assessment | $490,400 |
| Land Assessment | $59,600 | Total Assessment | $550,000 |
Property Taxes
Parcel Number
140200-090-230-0006-001-112
Land Assessment
$59,600
Improvements Assessment
$490,400
Total Assessment
$550,000
(716) 852-7500
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Contacts
-
Jeffrey Clabeaux -
Lucian Issa -
Robert Stewart -
Cushman and Wakefield/Pyramid Brokerage Company
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401 E Amherst St
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