Listed by Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
Unpriced
Lancaster Medical Office Building
Details
Property Type Office
Sub Type Medical Office, Professional Office
Square Footage 20,352
Net Rentable (SqFt) 3,004
Occupancy 85%
Tenancy Multi
Lease Type Net
Remaining Term 9
Rent Bumps Yes
Lease Options Average remaining lease term of approximately 9 years, with renewal options
Class A
Year Renovated 2022
Buildings 1
Stories 1
Acreage 2.840
Zoning C1
Parking Spaces 120 per 1,000 sq ft
Investment Type Stabilized
Well located turnkey medical building investment sale with long-term tenants in place
Marketing description
For Sale
Investment highlights
- 20,352 SF professional medical office building for sale
- 85% occupied with long-term leases in place
- Average remaining lease term of approximately 9 years, with renewal options
- Value-add opportunity: 3,004 SF former dental suite available for lease or conversion to other medical/professional uses
- Co-tenants include a thriving primary medical group and a well-known radiology provider
- Excellent location near Route 400 Expressway and NYS Thruway
- Located on heavily travelled Transit Road (Rt. 78) in one of the fastest growing trade areas of Western New York
- Traffic counts exceed 33,000 vehicles/day
- Strong area demographics in one of WNY’s rapidly growing communities
- Close proximity to major retail, restaurants, and service amenities
- Ample on-site parking
- Ideal For: medical practices and professional office users
Listing Contacts
Listed by Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
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