Remarks

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. 9.18% cap rate.
Income and expense information is attached.

Details

MLS#: R1555980
Price: $850,000

Style: Office
Sq Ft: 7440
Year Built: 1990

County: Livingston
Lot Size: 231X304
Tax Fee: 16899

School District: Livonia