5140 Commercial Dr
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5140 Commercial Dr
23,000 SF Industrial Building Yorkville, NY 13495 £923,291 (£40/SF) 7.97% Net Initial Yield
Investment Highlights
- The vacancy rate within a three-mile radius there are ±9.9MM SF of retail space with a vacancy rate of ±1.0%.
- Subject has direct frontage and signage on Commercial Drive, a retail thoroughfare that sees ±18,000 vehicles per day
- There are currently only two Gerber Collisions on the market nationwide.
- Surrounded by other auto retailers and servicers such as Nissan, Toyota, Honda, Chrysler, Ram, Dodge, Jeep, Subaru, Volkswagen, Chevrolet, and more.
- Subject has direct access to New York State Route 5A via Commercial Drive, which provides convenient access to the entire regional expressway system.
Executive Summary
Can be sold in a portfolio with Gerber Collision - 973 Hertel Ave - Buffalo NY. The Gerber Collision lease has a corporate guarantee by the Boyd Group (TSX:BYD). Gerber Collision is a service-oriented and recession resistant tenant. Within a five-mile radius there is a population of over 108,000 people with an average household income of over $74,000.
Property Facts
| Price | £923,291 | Rentable Building Area | 23,000 SF |
| Price Per SF | £40 | Number of Floors | 2 |
| Sale Type | Investment | Year Built | 1957 |
| Net Initial Yield | 7.97% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.81/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 30 ft |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Lot Size | 2.19 AC | Level Access Doors | 2 |
| Price | £923,291 |
| Price Per SF | £40 |
| Sale Type | Investment |
| Net Initial Yield | 7.97% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 2.19 AC |
| Rentable Building Area | 23,000 SF |
| Number of Floors | 2 |
| Year Built | 1957 |
| Tenancy | Single |
| Parking Ratio | 1.81/1,000 SF |
| Clear Ceiling Height | 30 ft |
| No. Dock-High Doors/Loading | 2 |
| Level Access Doors | 2 |
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PROPERTY TAXES
| Parcel Number | 305-018-0003-031-000-0000 | Improvements Assessment | £334,497 |
| Land Assessment | £43,426 | Total Assessment | £377,923 |
PROPERTY TAXES
Parcel Number
305-018-0003-031-000-0000
Land Assessment
£43,426
Improvements Assessment
£334,497
Total Assessment
£377,923
zoning
| Zoning Code | 05 |
| 05 |
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5140 Commercial Dr
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