6934 Elaine Dr 5,220 SF Vacant Office Building Niagara Falls, NY 14304 $1,574,696 CAD ($301.67 CAD/SF) 9.11% Cap Rate

Investment Opportunity! – Over 9% Cap Rate
Exceptional investment opportunity featuring one of the busiest women's health medical practices in Western New York.
This well-maintained 5,220± square foot medical office building, constructed in 2007, provides investors with stable income backed by an established and thriving medical practice.
The current owner will execute a new 5-year lease at closing, with two additional 2-year renewal options to be negotiated.
In addition, the property benefits from a 5-year lease with an existing subtenant.
The property has also recently undergone a successful tax assessment challenge, resulting in reduced real estate taxes, which improves the property's net operating income and overall investment performance.
Built for medical use, the property offers a functional healthcare layout, quality construction, ample on-site parking, and a convenient location serving the growing Niagara County market. With a long-standing medical tenant and attractive investment returns, this asset presents a rare opportunity to acquire a healthcare property with dependable cash flow.
Investment Highlights:
Over 9% capitalization rate
5,220± SF medical office building
Built in 2007
Occupied by one of the busiest women's health medical practices in Western New York
New 5-year lease to be signed at closing
Two 2-year renewal options to be negotiated
Strong in-place cash flow and tenant commitment
Well-maintained professional medical facility
Attractive sale-leaseback investment opportunity
Recent lowered tax assessment
Back-up Generator
Located in Wheatfield/Niagara County Medical Buisness Park
This offering combines the security of a medical-office tenant, above-market investment returns, and a modern healthcare facility, making it an excellent addition to any investor's portfolio.