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3505 Thomas Dr 3505 Thomas Dr

7,440 SF Office Building Livonia, NY 14487 $1,195,440 CAD ($161 CAD/SF) 9.18% Cap Rate

Office Space New York Livonia 3505 Thomas Dr, Livonia, NY 14487

Executive Summary

Modern well built one story building in excellent condition leased to the Dormitory Authority State of NY which has a triple A credit rating. The current tenant pays $8821.50 per month plus cams and tax and insurance escalators. The tenant has been there since 2010. Current lease expires 8/30/26 and the tenant has one five year renewal option. The owner feels confident that the tenant will renew. ADA compliant. Located right across from Conesus Lake in Lakeville NY. Excellent cash flow. 9.05% cap rate. Income and expense is attached.

Data Room Click Here to Access

  • Operating and Financials

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
7,440 SF
Building Class
C
Year Built
1990
Price
$1,195,440 CAD
Price Per SF
$161 CAD
Cap Rate
9.18%
NOI
$109,741 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,440 SF
Building FAR
0.11
Land Acres
1.62 AC
Zoning
05 - Commercial

Amenities

  • Wheelchair Accessible
  • Kitchen
  • Storage Space
  • Central Heating
  • Drop Ceiling
  • Air Conditioning
  • Smoke Detector
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PROPERTY TAXES

Parcel Number 243489-065-000-0001-066-211-0000 Improvements Assessment $736,190 CAD
Land Assessment $67,243 CAD Total Assessment $803,433 CAD

PROPERTY TAXES

Parcel Number
243489-065-000-0001-066-211-0000
Land Assessment
$67,243 CAD
Improvements Assessment
$736,190 CAD
Total Assessment
$803,433 CAD
(585) 381-4400 x229

  • Listing ID: 32671180

  • Date on Market: 2024-08-02

  • Last Updated:

  • Address: 3505 Thomas Dr, Livonia, NY 14487

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3505 Thomas Dr | 3505 Thomas Dr
(585) 381-4400 x 229

3505 Thomas Dr | 3505 Thomas Dr

Rick Leasure

(585) 381-4400

x229

(585) 381-4400 x229

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