L&W SUPPLY
380 Dick Road, Buffalo, NY
Property Description
Price: $6,816,000
Price Per/SF: 152.42
Land Area: ±3.77 Acres
Cap Rate: 5.00%
Gross Leasable Area: ±35,510 SF
Year Built: 2018
Investment Highlights
New Construction L&W Supply
NN Lease with Over 9 Years Remaining | Strong Corporate Guarantee
Available Seller Carry Back at Up to 65% LTV and Favorable Interest Rate – Please See Financial Analysis on Page 7 and Contact Agents for More Details
Industrial Property in Excellent Condition
- L&W Building has a High Ceiling Clearance with a Minimum of 32 Feet
- New Construction Concrete Tilt-Up Building
- Newly Paved Asphalt Parking Lot
- Large Lot with Over 3 Acres
- Walden Galleria Mall is the Largest Mall in Buffalo and Located within 3 Miles of Subject Property
- Pride of Ownership Property in Buffalo, NY
Excellent Surrounding Area & Strong Real Estate Fundamentals
- Dense, Infill Area with Over 234,000 Residents within 5 Miles of Subject Property
- Buffalo is the Second Largest City in the State of New York with a Population Exceeding 254,000 Residents
- The Subject Property is Located Within 3 Miles of Buffalo Niagara International Airport (BUF), Which Sees Over 5 Million Passengers Annually and Ships Over 311MM Lbs. of Freight Annually
- Located Within 3 Miles of Interstate 90 which Connects Boston to Seattle
- Located in a Dense Industrial Area with other National Brands such as Pepsi Co., Ferguson, Sonwil Distribution, and Many More within Close Proximity to the Subject Property
Broker of Record: Susan Bands – License: NY 1031120923
Contact Information
Craig Elster
Vice President Investments
Director, Net Leased Properties Group
(949) 419-3223
craig.elster@marcusmillichap.com
License: CA 01958307
Ron Duong
Senior Managing Director Investments
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643
Senior Director, National Retail Group
(949) 419-3233
ron.duong@marcusmillichap.com
License: CA 01438643
Ian Diaz
Industrial Specialist
(949) 419-3298
ian.diaz@marcusmillichap.com
License: CA 02101924