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UPS - Lockport, NY 69 Simonds St 7,344 SF 100% Leased Industrial Building Lockport, NY 14094 $679,000 ($92.46/SF) 6.50% Cap Rate
Investment Highlights
- NEARLY 50 YEARS OF CONTINUOUS OCCUPANCY - LONG-TERM COMMITMENT UPS has operated from this facility since 1976 and recently UPS has operated continuous
- MISSION-CRITICAL LAST-MILE DISTRIBUTION FACILITY Purpose-built last-mile logistics facility serving the Buffalo-Niagara region with significant functi
- INVESTMENT-GRADE CORPORATE CREDIT - S&P A RATED GUARANTY Corporate-guaranteed lease backed by United Parcel Service (NYSE: UPS), one of the world's la
Executive Summary
- NEARLY 50 YEARS OF CONTINUOUS OCCUPANCY - LONG-TERM COMMITMENT
UPS has operated from this facility since 1976 and recently UPS has operated continuously from this facility since 1976 and recently extended its lease through 2033, demonstrating the property's mission-critical role within its regional distribution network.
- INVESTMENT-GRADE CORPORATE CREDIT - S&P A RATED GUARANTY
Corporate-guaranteed lease backed by United Parcel Service (NYSE: UPS), one of the world's largest logistics companies with approximately $91 billion in annual revenue.
- MISSION-CRITICAL LAST-MILE DISTRIBUTION FACILITY
Purpose-built last-mile logistics facility serving the Buffalo-Niagara region with significant functional utility and high relocation costs.
- ATTRACTIVE ANNUAL RENT GROWTH - 3% ESCALATIONS EVERY YEAR
Lease provides built-in 3% annual rent increases throughout both the primary term and option periods, creating durable NOI growth and long-term inflation protection.
- STRATEGIC WESTERN NEW YORK LOGISTICS LOCATION
Excellent connectivity to I-90, I-190, I-290 and Route 990 provides efficient access throughout Western New York and the U.S.-Canada freight corridor.
- LOW BASIS NET LEASE INVESTMENT
Offered at an attractive price point below $700,000, creating broad appeal to private investors seeking investment-grade credit and passive income.
UPS has operated from this facility since 1976 and recently UPS has operated continuously from this facility since 1976 and recently extended its lease through 2033, demonstrating the property's mission-critical role within its regional distribution network.
- INVESTMENT-GRADE CORPORATE CREDIT - S&P A RATED GUARANTY
Corporate-guaranteed lease backed by United Parcel Service (NYSE: UPS), one of the world's largest logistics companies with approximately $91 billion in annual revenue.
- MISSION-CRITICAL LAST-MILE DISTRIBUTION FACILITY
Purpose-built last-mile logistics facility serving the Buffalo-Niagara region with significant functional utility and high relocation costs.
- ATTRACTIVE ANNUAL RENT GROWTH - 3% ESCALATIONS EVERY YEAR
Lease provides built-in 3% annual rent increases throughout both the primary term and option periods, creating durable NOI growth and long-term inflation protection.
- STRATEGIC WESTERN NEW YORK LOGISTICS LOCATION
Excellent connectivity to I-90, I-190, I-290 and Route 990 provides efficient access throughout Western New York and the U.S.-Canada freight corridor.
- LOW BASIS NET LEASE INVESTMENT
Offered at an attractive price point below $700,000, creating broad appeal to private investors seeking investment-grade credit and passive income.
Property Facts
| Price | $679,000 | Lot Size | 0.44 AC |
| Price Per SF | $92.46 | Rentable Building Area | 7,344 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built | 1976 |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 3 |
| Building Class | A |
| Price | $679,000 |
| Price Per SF | $92.46 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 0.44 AC |
| Rentable Building Area | 7,344 SF |
| No. Stories | 1 |
| Year Built | 1976 |
| Clear Ceiling Height | 20’ |
| No. Drive In / Grade-Level Doors | 3 |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 290900-108-083-0001-027-001 | Improvements Assessment | $146,400 |
| Land Assessment | $18,600 | Total Assessment | $165,000 |
Property Taxes
Parcel Number
290900-108-083-0001-027-001
Land Assessment
$18,600
Improvements Assessment
$146,400
Total Assessment
$165,000
Contacts
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David Hoppe -
Eric Suffoletto -
Mike Lucier -
Ben Olmstead -
Christopher Wiener -
Ben McCarter -
Levitt Mosley -
Mason McVicker -
Atlantic Capital Partners
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