1885 Harlem RdBuffalo, NY 14212

For Sale
$4,100,000

67,224 SF Multi-Tenant Warehouse, Buffalo, NY

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a 67,224-square-foot industrial warehouse building in Buffalo, New York, situated on Harlem Road. The property boasts a strong 97% occupancy rate across four tenant units, all under a Net Lease (NNN) agreement with a remaining lease term of five years. The building features a mix of warehouse and office space, totaling approximately 10,000 square feet of office space and 58,000 square feet of warehouse space. The warehouse area is equipped with six loading docks, ten dock-high doors, and a 20-foot ceiling height. There is ample parking with 40 spaces available. The property underwent renovations in 2023 and is zoned for industrial use. The asking price is $4,100,000, offering a compelling 6.70% cap rate and a pro-forma NOI of $273,256. The building is a single-story structure and includes approximately 2,000 square feet of office space currently available for lease or owner occupancy. This is a multi-tenant property with adjusted lease options. The property's strong tenancy, recent renovations, and desirable location make it an attractive investment opportunity.

Highlights

  • 67,224 SF industrial warehouse building in Buffalo, NY, on Harlem Road, 97% occupied.
  • Four tenant units under NNN leases with five years remaining.
  • 10,000 SF of office space and 58,000 SF of warehouse space.
  • Warehouse features six loading docks, ten dock-high doors, and 20-foot ceilings; 40 parking spaces.
  • 2023 renovations; industrially zoned; $4,100,000 asking price, 6.70% cap rate, $273,256 pro-forma NOI.

Property Details for 1885 Harlem Rd

Property type
Other warehouses, Other industrial properties
Square Feet
67,224 SF
Year Renovated
2023
Stories
1

Location Insight

City
Buffalo
County
Erie
State
New York
Latitude
42.8951899
Longitude
-78.783233
1885 Harlem Rd, Buffalo, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
1885 Harlem Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message