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3366 Walden Ave 154,350 SF Industrial Building Depew, NY 14043 $20,959,888 CAD ($135.79 CAD/SF) 7% Cap Rate
Investment Highlights
- Long-term tenant in place
- An ideal logistics location to access markets across Upstate New York, Northern Pennsylvania and Southern Ontario
- Within 6 miles of four exits along I-90, a 20-minute drive from downtown Buffalo
Executive Summary
CBRE Upstate NY, serving as owner‘s representative, presents the opportunity to acquire 3366 Walden Avenue in Depew, New York, home to the Bunzl Buffalo Distribution Center. The property is a 2017 renovated bulk warehouse/distribution building totaling 154,350 square feet. Bunzl Distribution USA, LLC, one of the largest operating divisions of the London-based global distribution company Bunzl PLC (LON: BNZL; S&P BBB+), or one of its predecessor entities, has leased this mission critical third-party logistics facility to service regional clients for 35 years dating back to 1991.
Property Facts
| Price | $20,959,888 CAD | Rentable Building Area | 154,350 SF |
| Price Per SF | $135.79 CAD | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built/Renovated | 1973/2017 |
| Cap Rate | 7% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 0.76/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 25’ |
| Building Class | C | No. Dock-High Doors/Loading | 27 |
| Lot Size | 8.37 AC |
| Price | $20,959,888 CAD |
| Price Per SF | $135.79 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 8.37 AC |
| Rentable Building Area | 154,350 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1973/2017 |
| Tenancy | Single |
| Parking Ratio | 0.76/1,000 SF |
| Clear Ceiling Height | 25’ |
| No. Dock-High Doors/Loading | 27 |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 145201-104-060-0001-002-000 | Improvements Assessment | $5,798,443 CAD |
| Land Assessment | $461,945 CAD | Total Assessment | $6,260,388 CAD |
Property Taxes
Parcel Number
145201-104-060-0001-002-000
Land Assessment
$461,945 CAD
Improvements Assessment
$5,798,443 CAD
Total Assessment
$6,260,388 CAD
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3366 Walden Ave
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