United Rentals | Corp Guarantee | Cheap Rent | 7 Halsey Ct
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United Rentals | Corp Guarantee | Cheap Rent 7 Halsey Ct
16,310 SF Retail Building Plattsburgh, NY 12901 $1,118,384 CAD ($69 CAD/SF) 9.04% Cap Rate
Executive Summary
• Corporate Guarantee: United Rentals Realty, LLC | 1,400+ Locations
• Recent Capital Improvements: Extensive scope of work for URI (±$160,000) including renovations to bathrooms, conference room,
changing room, floor, fence, and provided some additional storage space (±100 ft fencing), drainage, painted (will finish 2023), and recently replaced roof ±5-Years. See agent for more details.
• Great Potential Hedge Against Inflation: United Rentals lease boasts rare, Fair Market Value rent increases at option.
• Great Access and Visibility: Frontage on Tom Miller Rd | Easy access to I-87.
• Favorable Lease Structure: Tenants are responsible for taxes, insurance, maintenance, interior and non-structural, utilities, and minor repairs to the parking lot.
• Industry Leader: United Rentals is a leading American company engaged in equipment rental, serving construction, industrial, and
commercial sectors. United Rentals has a credit rating of BB+ from Standard & Poor’s and generated over $12.4 billion in revenue. The company has a vast network of more than 1,500+ locations, and it operates worldwide. United Rentals prioritizes innovation, leveraging digital platforms and data insights to optimize operations and enhance safety. With an unwavering focus on excellence, United Rentals continues to shape the industry and deliver indispensable solutions to customers worldwide.
• Recent Capital Improvements: Extensive scope of work for URI (±$160,000) including renovations to bathrooms, conference room,
changing room, floor, fence, and provided some additional storage space (±100 ft fencing), drainage, painted (will finish 2023), and recently replaced roof ±5-Years. See agent for more details.
• Great Potential Hedge Against Inflation: United Rentals lease boasts rare, Fair Market Value rent increases at option.
• Great Access and Visibility: Frontage on Tom Miller Rd | Easy access to I-87.
• Favorable Lease Structure: Tenants are responsible for taxes, insurance, maintenance, interior and non-structural, utilities, and minor repairs to the parking lot.
• Industry Leader: United Rentals is a leading American company engaged in equipment rental, serving construction, industrial, and
commercial sectors. United Rentals has a credit rating of BB+ from Standard & Poor’s and generated over $12.4 billion in revenue. The company has a vast network of more than 1,500+ locations, and it operates worldwide. United Rentals prioritizes innovation, leveraging digital platforms and data insights to optimize operations and enhance safety. With an unwavering focus on excellence, United Rentals continues to shape the industry and deliver indispensable solutions to customers worldwide.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,310 SF
Building Class
C
Year Built
1958
Price
$1,118,384 CAD
Price Per SF
$69 CAD
Cap Rate
9.04%
NOI
$101,088 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
2.50 AC
Zoning
NC
Parking
30 Spaces (1.84 Spaces per 1,000 SF Leased)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 094200-207-010-0001-023-000-0000 | Improvements Assessment | $311,940 CAD |
| Land Assessment | $320,940 CAD | Total Assessment | $632,880 CAD |
PROPERTY TAXES
Parcel Number
094200-207-010-0001-023-000-0000
Land Assessment
$320,940 CAD
Improvements Assessment
$311,940 CAD
Total Assessment
$632,880 CAD
Contacts
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Dave Faris -
Gary Chou -
Matt Coates -
Calvin Short -
Aron Cline -
Berkeley Capital Advisors
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United Rentals | Corp Guarantee | Cheap Rent | 7 Halsey Ct
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