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34469258
34469259

6934 Elaine Drive, Niagara Falls, NY 14304 For Sale

LC
NY 10401257858
HUNT Commercial
Listed by HUNT Commercial
$1,125,000
1 day on market
Updated 1 day ago

6934 Elaine Drive

Details
Property Type Office
Sub Type Medical Office
Square Footage 5,220
Units 1
Cap Rate 9.00%
NOI $102,541
Occupancy 100%
Tenancy Single
Lease Type Gross
Lease Term 5
Remaining Term 5
Rent Bumps Yes
Lease Options 2
Year Built 2007
Buildings 1
Investment Type Sale/Leaseback
Sale Condition Sale for leaseback

Office | 9.00% CAP | 5,220 SqFt

Marketing description

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

  • Exceptional investment opportunity featuring one of the busiest women's health medical practices in Western New York
  • Well-maintained 5,220± square foot medical office building, constructed in 2007
  • Stable income backed by an established and thriving medical practice
  • Current owner will execute a new 5-year lease at closing, with two additional 2-year renewal options to be negotiated
  • Property benefits from a 5-year lease with an existing subtenant
  • Recently underwent a successful tax assessment challenge, resulting in reduced real estate taxes
  • Functional healthcare layout, quality construction, ample on-site parking
  • Convenient location serving the growing Niagara County market
  • Long-standing medical tenant and attractive investment returns
  • Over 9% cap rate

Listing Contacts

LC
NY 10401257858
HUNT Commercial
Listed by HUNT Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$102,541.18
$8,545.10/mo

Valuation Metrics

0
DSCR
9.11%
Cap Rate
9.11%
ROI

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Property History

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