FULLY LEASED / CASH FLOW | 285 Market St
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FULLY LEASED / CASH FLOW 285 Market St
9,837 SF Office Building Lockport, NY 14094 £433,715 (£44/SF)
Investment Highlights
- Office building-leased until 2025 to one tenant
- Newer mechanicals
- 50+ car parks, 2 grade doors, 1.17 acres
Executive Summary
BUILDING FOR SALE [ 13.5% CAP RATE ]
Well-maintained, building with an open floor plan with 16' ceiling height.
The property sits at the corner of Market & Exchange Streets overlooking the Joseph A. Scapalletti Bridge. It's adjacent to the Lockport Locks. This building is currently used, and is zoned as office, and there is a NNN lease in place until April 2025 to an engineering firm. The building sits on a concrete slab. Great, newer mechanicals and electric. On-site paved parking for 50+ cars on a 1.2 acre lot. Ideally suited for showroom, attorney, financial, call center operations, machine shop, construction, landscape, light manufacturing, etc. Must see inside!
Well-maintained, building with an open floor plan with 16' ceiling height.
The property sits at the corner of Market & Exchange Streets overlooking the Joseph A. Scapalletti Bridge. It's adjacent to the Lockport Locks. This building is currently used, and is zoned as office, and there is a NNN lease in place until April 2025 to an engineering firm. The building sits on a concrete slab. Great, newer mechanicals and electric. On-site paved parking for 50+ cars on a 1.2 acre lot. Ideally suited for showroom, attorney, financial, call center operations, machine shop, construction, landscape, light manufacturing, etc. Must see inside!
Property Facts
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Building Size
9,837 SF
Building Class
B
Year Built/Renovated
1981/2010
Price
£433,715
Price Per SF
£44
Tenancy
Single
Number of Floors
1
Typical Floor Size
9,837 SF
Building FAR
0.19
Land Acres
1.16 AC
Zoning
464 - office building
Parking
61 Spaces (5.08 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
- Waterfront
- Storage Space
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Chemical Design, Inc.
- Professional, Scientific, and Technical Services
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Chemical Design, Inc. | Professional, Scientific, and Technical Services | - | - | - |
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PROPERTY TAXES
| Parcel Number | 290900-109-040-0002-041-000 | Improvements Assessment | £274,966 |
| Land Assessment | £28,798 | Total Assessment | £303,765 |
PROPERTY TAXES
Parcel Number
290900-109-040-0002-041-000
Land Assessment
£28,798
Improvements Assessment
£274,966
Total Assessment
£303,765
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FULLY LEASED / CASH FLOW | 285 Market St
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