1120 Youngs RdBuffalo, NY 14221

This exceptional investment opportunity presents a fully leased, 7,210 square foot office building situated on a 0.78-acre lot in Buffalo, NY. The property, constructed in 2002 and renovated in 2022, boasts three distinct suites with private entries and ample parking (37 spaces). The building features a mix of lease types (Modified Gross and Net Net Net), with three tenants currently occupying the space at 100% occupancy. Suite 1 (3,500 sq ft) commands a monthly rent of $7,500 on a Modified Gross lease expiring October 1, 2024. Suite 2 (2,000 sq ft) rents for $3,500 per month on a Modified Gross lease expiring October 27, 2027. Suite 3 (1,500 sq ft), renovated in 2022, leases for $2,600 per month on a Net Net Net lease also expiring October 27, 2027. The property offers a compelling 7.27% cap rate with a Net Operating Income (NOI) of $105,455. The asking price is $1,450,000. This single-story building is zoned E-03 and presents a strong return on investment, ideal for an investor seeking a stable income stream or an owner-operator looking to occupy a portion of the space. The HVAC systems in Suites 1 and 2 were updated in 2021, and Suite 3's air conditioning was updated in 2012. The property is held under an LLC ownership and is offered for sale with a leaseback option.