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83-40 72nd Dr 31,783 SF 100% Leased Office Building Glendale, NY 11375 $17,972,501 CAD ($565.48 CAD/SF) 6.45% Cap Rate
INVESTMENT HIGHLIGHTS
- CAN BE PURCHASED SEPARATELY OR AS A PACKAGE WITH 83-34 72ND DRIVE; NO REAL ESTATE TAXES DUE TO IDA PILOT PROGRAM
- 26 CAR PARKING
- 10,000 SF OF WAREHOUSE/INDUSTRIAL SPACE
- CURRENT TWO TENANTS - 3 YR LEASES WITH 3 YR OPTIONS - INCOME $838,320/ANNUM
- 21,873 SF OF MODERN HIGH END FINISHED OFFICE SPACE
EXECUTIVE SUMMARY
OCCUPANCY - 3 YEARS
21,873 SF OF MODERN HIGH END FINISHED OFFICE SPACE
10,000 SF OF WAREHOUSE/INDUSTRIAL SPACE
26 CAR PARKING
NO REAL ESTATE TAXES DUE TO IDA PILOT PROGRAM
TWO CURRENT TENANTS:
GDI INTEGRATED FACILOITY SERVICE (PUBLICLY OWNED AND TRADED ON THE TORONTO STOCK EXCHANGE) - 3 YR LEASE WITH 3 YR OPTION
T-MOBILE LEASE IS FOR EQUIPMENT ON THE ROOF WITH 5 YEAR OPTIONS THROUGH 2032
TOTAL INCOME $838,320/ANNUM
21,873 SF OF MODERN HIGH END FINISHED OFFICE SPACE
10,000 SF OF WAREHOUSE/INDUSTRIAL SPACE
26 CAR PARKING
NO REAL ESTATE TAXES DUE TO IDA PILOT PROGRAM
TWO CURRENT TENANTS:
GDI INTEGRATED FACILOITY SERVICE (PUBLICLY OWNED AND TRADED ON THE TORONTO STOCK EXCHANGE) - 3 YR LEASE WITH 3 YR OPTION
T-MOBILE LEASE IS FOR EQUIPMENT ON THE ROOF WITH 5 YEAR OPTIONS THROUGH 2032
TOTAL INCOME $838,320/ANNUM
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
31,783 SF
Building Class
B
Year Built/Renovated
1930/2008
Price
$17,972,501 CAD
Price Per SF
$565.48 CAD
Cap Rate
6.45%
NOI
$1,158,977 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
15,892 SF
Slab To Slab
15’
Building FAR
1.00
Lot Size
0.73 AC
Zoning
M1-1 - A zoning district for Light Manufacturing that permits manufacturing, commercial, and community facility uses, such as woodworking shops, auto repair, and wholesale services.
Parking
26 Spaces (0.82 Spaces per 1,000 SF Leased)
AMENITIES
- Skylights
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 03810-0444 | Improvements Assessment | $1,744,203 CAD |
| Land Assessment | $606,679 CAD | Total Assessment | $2,350,882 CAD |
PROPERTY TAXES
Parcel Number
03810-0444
Land Assessment
$606,679 CAD
Improvements Assessment
$1,744,203 CAD
Total Assessment
$2,350,882 CAD
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83-40 72nd Dr
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