Global Precision Industries 955 Millstead Way 64,937 SF Industrial Building Rochester, NY 14624 $8,784,657 CAD ($135.28 CAD/SF) 7.24% Cap Rate

65,000sf INDUSTRIAL BUILDING – SALE/LEASEBACK (Price reduced by $600k)
Prime Western New York location – Rochester, NY close to airport and major interchanges.
Owner - Occupant Interest please contact us as well.

Ask Price: $6,500,000
CAP Price: $6,250,000
5 Year NOI: Average - $456,500.00
Cap Rate: 7.3%
Lease Term: 10 Year

Investment Overview
• 95% of property is Sale / Leaseback to current owner.
• 5% is secondary building lease to independent operators.
• Main tenant is an established Contract Machine Shop in business since 2005 with sales in excess of $5m per year and utilizes very large equipment which is difficult to relocate.
• Main tenant will be debt free with $3.5m in assets that can be used as collateral to secure the lease and can show proven monthly payments equal to 125% of expected post closing rent.
• Main tenant just invested $650,000 in additional equipment on new 4 year contract increasing sales to $7m next fiscal year.
• Main tenant will assume the property as a NNN lease and manage the secondary tenant on behalf of the landlord.
• 7.9 Acre property with room to add additional structures for future growth.
• Adjacent to Airport – Adjacent to 2 major Universities – 5 Miles to NYS Thruway exits.
Building is setup as a manufacturing operation with 480V Bus with plenty of power - Compressed Air piping throughout - Wet Sprinklers - LED Lights - Epoxy Flooring and Many More Upgrades. Building was maintained as an Owner - Operator since 2013 and offices and completely upgraded as well.

Buyers Brokers Protected
Sellers will not hold any notes – so qualified buyers only.