Duong Investment Group

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

Ian Diaz
Industrial Specialist
(949) 419-3298
ian.diaz@marcusmillichap.com
License: CA 02101924