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5140 Commercial Dr 23,000 SF Industrial Building Yorkville, NY 13495 $1,632,400 CAD ($70.97 CAD/SF) 7.97% Cap Rate
INVESTMENT HIGHLIGHTS
- The vacancy rate within a three-mile radius there are ±9.9MM SF of retail space with a vacancy rate of ±1.0%.
- Subject has direct frontage and signage on Commercial Drive, a retail thoroughfare that sees ±18,000 vehicles per day
- There are currently only two Gerber Collisions on the market nationwide.
- Surrounded by other auto retailers and servicers such as Nissan, Toyota, Honda, Chrysler, Ram, Dodge, Jeep, Subaru, Volkswagen, Chevrolet, and more.
- Subject has direct access to New York State Route 5A via Commercial Drive, which provides convenient access to the entire regional expressway system.
EXECUTIVE SUMMARY
Can be sold in a portfolio with Gerber Collision - 973 Hertel Ave - Buffalo NY. The Gerber Collision lease has a corporate guarantee by the Boyd Group (TSX:BYD). Gerber Collision is a service-oriented and recession resistant tenant. Within a five-mile radius there is a population of over 108,000 people with an average household income of over $74,000.
PROPERTY FACTS
| Price | $1,632,400 CAD | Rentable Building Area | 23,000 SF |
| Price Per SF | $70.97 CAD | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1957 |
| Cap Rate | 7.97% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.81/1,000 SF |
| Property Subtype | Manufacturing | Clear Ceiling Height | 30’ |
| Building Class | B | No. Dock-High Doors/Loading | 2 |
| Lot Size | 2.19 AC | No. Drive In / Grade-Level Doors | 2 |
| Zoning | 05 | ||
| Price | $1,632,400 CAD |
| Price Per SF | $70.97 CAD |
| Sale Type | Investment |
| Cap Rate | 7.97% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 2.19 AC |
| Rentable Building Area | 23,000 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Tenancy | Single |
| Parking Ratio | 1.81/1,000 SF |
| Clear Ceiling Height | 30’ |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | 05 |
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PROPERTY TAXES
| Parcel Number | 305-018-0003-031-000-0000 | Improvements Assessment | $602,822 CAD |
| Land Assessment | $78,261 CAD | Total Assessment | $681,083 CAD |
PROPERTY TAXES
Parcel Number
305-018-0003-031-000-0000
Land Assessment
$78,261 CAD
Improvements Assessment
$602,822 CAD
Total Assessment
$681,083 CAD
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5140 Commercial Dr
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