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427 Delaware
15,494 SF 100% Leased Office Building Buffalo, NY 14202 $1,750,000 ($113/SF) 8.50% Cap Rate
Investment Highlights
- Central location
- Historic Building
- Parking Lot
- Income Producing
Executive Summary
Seller occupies 2nd floor office space, but is downsizing. Perfect opportunity for a professional services firm looking for the benefits of property ownership. Fully leased ground floor generates $135k in additional annual income, with all tenants on long-term leases with annual escalations.
The property is ideally situated adjacent to the Central Business District and the Buffalo Niagara Medical Campus. It is located in the heart of the City, with a large parking lot that provides easy stress-free access.
PLEASE SEE ATTACHED BROCHURE WITH ADDITIONAL INFORMATION.
Property Facts
Amenities
- Bus Line
- Controlled Access
- Skylights
- Kitchen
- Storage Space
- Basement
- Central Heating
- High Ceilings
- Natural Light
- Partitioned Offices
- Secure Storage
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- Allentown Village Society
- Arts, Entertainment, and Recreation
- -
- -
- -
- MJ Peterson
- Real Estate
- -
- -
- -
- SMITH + CO
- Retailer
- -
- -
- -
- The Swing Lab by Buffalo Golf and Social
- Retailer
- -
- -
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| Allentown Village Society | Arts, Entertainment, and Recreation | - | - | - | ||
| MJ Peterson | Real Estate | - | - | - | ||
| SMITH + CO | Retailer | - | - | - | ||
| The Swing Lab by Buffalo Golf and Social | Retailer | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Condition
- Available
Turn-key office space on prestigious Delaware Avenue. Perfect for a professional service company that requires proximity to Central Business District and/or the Buffalo Niagara Medical Campus. Come see this impressive Class A office space loaded with historic art deco details, including marble entry stairs, terrazzo floors, and plaster ceiling reliefs. High-end white oak trim package, doors, and built-in casework throughout. Large windows and interior skylights provide fantastic natural light throughout. – 6,500 SF Class A Office Space – Currently occupied by owner – will be vacated upon sale or lease – 7 Large private offices overlooking Delaware Avenue. Each office can comfortably accommodate a few desks/workstations if desired. – Large built-in work-stations can accommodate 14-26 people (based on user preference). – Conference room. AV equipped, comfortably seats 18+. – Kitchenette, printer room, IT room, and large storage closets. – Loaded with historic art deco details, including marble entry stairs, terrazzo floors, and plaster ceiling reliefs. High-end white oak trim package, doors, and built-in casework throughout. — Parking lot w/ 21 spaces. – 8 dedicated to ground floor tenants, 13 for upstairs office space. — Quick, easy access to anywhere in the region. – Blocks from the 33 Expressway and the 190 Interstate. – Located along a major bus route and a few blocks from the Allen St.? subway station.
| Space | Size | Space Use | Condition | Available |
| 2nd Floor | 6,500 SF | Office | Full Build-Out | 30 Days |
2nd Floor
| Size |
| 6,500 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| 30 Days |
2nd Floor
| Size | 6,500 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | 30 Days |
Turn-key office space on prestigious Delaware Avenue. Perfect for a professional service company that requires proximity to Central Business District and/or the Buffalo Niagara Medical Campus. Come see this impressive Class A office space loaded with historic art deco details, including marble entry stairs, terrazzo floors, and plaster ceiling reliefs. High-end white oak trim package, doors, and built-in casework throughout. Large windows and interior skylights provide fantastic natural light throughout. – 6,500 SF Class A Office Space – Currently occupied by owner – will be vacated upon sale or lease – 7 Large private offices overlooking Delaware Avenue. Each office can comfortably accommodate a few desks/workstations if desired. – Large built-in work-stations can accommodate 14-26 people (based on user preference). – Conference room. AV equipped, comfortably seats 18+. – Kitchenette, printer room, IT room, and large storage closets. – Loaded with historic art deco details, including marble entry stairs, terrazzo floors, and plaster ceiling reliefs. High-end white oak trim package, doors, and built-in casework throughout. — Parking lot w/ 21 spaces. – 8 dedicated to ground floor tenants, 13 for upstairs office space. — Quick, easy access to anywhere in the region. – Blocks from the 33 Expressway and the 190 Interstate. – Located along a major bus route and a few blocks from the Allen St.? subway station.
PROPERTY TAXES
| Parcel Number | 140200-111-220-0009-016-000 | Improvements Assessment | $677,000 |
| Land Assessment | $198,000 | Total Assessment | $875,000 |
PROPERTY TAXES
-
Matt Hartrich -
Schneider Real Estate Services
Presented by
427 Delaware
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