1120 Youngs Rd 7,210 SF 100% Leased Office Building Williamsville, NY 14221 $2,086,506 CAD ($289.39 CAD/SF) 7.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Single story, all brick stand alone 3 suite building, configurable to adjusting tenant needs.
- Fully leased for 3 years at a 7.7 CAP Rate
- parking for 35 + cars and ADA Accessibility
EXECUTIVE SUMMARY
1120 Youngs Road presents an outstanding investment opportunity in today’s office market, a fully leased stable income-generating property. The all brick building sits on a prime .75 acre property in Williamsville and has been well built and maintained with 2 A/Cs replaced in ’21, regular maintenance to plumbing, parking & landscaping and solid construction, however, the roof is original. There are 3 distinct suites, allowing an owner to hold as investment, or occupy a sufficient space and receive additional income. This property offers a solid return with its current tenants and leases while also providing flexibility for future configurations. The strong CAP rate of 7.7% suggests a potentially lucrative investment for those looking to acquire medical office real estate. The Sellers are also selling an updated medical office property at 3612 Seneca if the purchaser wants to add to a portfolio, or have a second location.
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$224,670
|
$31.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$224,670
|
$31.16
|
| Taxes |
$41,940
|
$5.82
|
| Operating Expenses |
$32,014
|
$4.44
|
| Total Expenses |
$73,954
|
$10.26
|
| Net Operating Income |
$150,716
|
$20.90
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Property Subtype
Building Size
7,210 SF
Building Class
B
Year Built/Renovated
2001/2022
Price
$2,086,506 CAD
Price Per SF
$289.39 CAD
Cap Rate
7.25%
NOI
$151,272 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,210 SF
Building FAR
0.11
Lot Size
1.50 AC
Zoning
T-Amherst - E-3 Professional Office Building
Parking
35 Spaces (4.85 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Wheelchair Accessible
- Central Heating
- DDA Compliant
- Fully Carpeted
- Natural Light
- Open-Plan
- Shower Facilities
- Drop Ceiling
- Monument Signage
- Air Conditioning
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $2,588,040 CAD | |
| Land Assessment | $460,096 CAD | Annual Taxes | $41,940 CAD ($5.82 CAD/SF) |
| Improvements Assessment | $2,127,944 CAD | Tax Year | 2023 |
