4658 Onondaga Blvd | Syracuse, NY 13219
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- LoopNet Team
4658 Onondaga Blvd
Syracuse, NY 13219
Office Property For Sale
INVESTMENT HIGHLIGHTS
- Shadow-Anchored by Wegmans Supermarket: Highly desirable shadow-anchor with Wegmans driving consistent daily traffic to the center.
- High Yielding Investment: This investment is offered at an attractive 7.25% Cap Rate.
- Established Retail Corridor: The property is located within a robust retail corridor surrounded by national tenants such as Wegmans, Price Chopper.
- Passive Lease Structure: NNN recovery structure across all leases, with tenants responsible for real estate taxes, insurance.
- Strong WALT: The tenants have a weighted average lease term of over 7 years, minimizing near-term lease-up risk.
- Diverse Tenant Mix: The center is currently 100% occupied by three tenants from different industries, reducing industry-specific concentration risk.
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
8,400 SF
Building Class
B
Year Built
1985
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
8,400 SF
Building FAR
0.11
Lot Size
1.83 AC
Zoning
MX-3 - The MX-3 Zone District is established to provide for pedestrian-friendly, transit-supportive areas of higher-density residential development and compatible nonresidential uses.
PROPERTY TAXES
| Parcel Number | 311500-089-000-0002-005-000-0000 | Improvements Assessment | $228,400 |
| Land Assessment | $96,600 | Total Assessment | $325,000 |
PROPERTY TAXES
Parcel Number
311500-089-000-0002-005-000-0000
Land Assessment
$96,600
Improvements Assessment
$228,400
Total Assessment
$325,000
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