

6934 Elaine Drive
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
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