6,000 sf fully operational co-working facility new york ...€¦ · delis, health clubs and movie...
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Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors,
omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of
the property (or properties) in question.
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
FOR SALE
For more information, please contact:
description
6,000 SF FULLY OPERATIONAL
CO-WORKING FACILITY
New York Metro Area
245 Saw Mill River Rd., Suite 106, Hawthorne, NY
UNIQUE OFFERING: INVESTMENT OPPORTUNITY 10%+ CAP RATE
Peter H. Malone
Real Estate Salesperson
914 213 2863
John “Johnny C” Coladonato
Real Estate Salesperson
9845 258 8424
356 Meadow Avenue, 2nd Floor
Newburgh, New York 12550
phone: +1 845 522-5900
pyramidbrokerage.com
To be sold as:
• 6,000 SF fully-rented & fully operational co-working
facility with a strong cash flow located within a
condominium office building with all new mechanicals.
Purchase with existing tenants with a strong NOI/Cap
Rate. Seller will provide guarantees to ensure existing
tenants and cash flow remain.
• Excellent opportunity for a qualified investor, or
owner/operator in need of a few offices who desires
positive cash flow from other tenants within.
Demographic Summary 5 Miles
Population 132,359
Average Income $162,798
Source: U.S. Census Bureau, Census 2010. Esri forecasts
for 2018 and 2023.
Property Details
Total SF 14,779 SF
Sale Price $850,000
Retail Space for Lease 6,252 SF
Retail Lease Rate $11.00/SF Mod. Gross
Warehouse Space for Lease 3,484 SF
Warehouse Lease Rate $8.50/SF Mod. Gross
Traffic Count 12,122 AADT
Full financial information, including rent roll, will
be disclosed upon execution of Non-Disclosure
Agreement.
Property Features:
• SUPERIOR LOCATION: Within 30 miles of Midtown
Manhattan, 1 mile from train station, 1 mile from major
highways. On major thoroughfare. Close to banks,
restaurants, and health clubs. On site parking.
• OFFICES: Includes 20 furnished offices
• SHARED SPACES: Conference room, reception,
cafeteria, copy/scan center, and outdoor picnic area.
• TECHNOLOGY: Leading edge technology for today’s
office environment including voice, data and security.
• PARKING: On site. Ratio 3.5 per 1,000 sq. ft, plus
ample common area parking.
• Great 1031 exchange property with minimum management
responsibility.
OFFERED FOR SALE: $1,300,000
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors,
omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of
the property (or properties) in question.
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
FLOOR PLAN
For more information, please contact:
description
UNIQUE OFFERING: INVESTMENT OPPORTUNITY
10%-11% CAP RATE
To be sold as:
• 6,000 SF fully-rented & fully operational co-working facility
with a strong cash flow located in a 38,000 SF
condominium office building. Purchase with existing
tenants with a strong NOI / Cap Rate. Seller will provide
guarantees to ensure existing tenants and cash flow
remain.
• Excellent opportunity for a qualified investor or owner/
operator in need of small office area. (Current owner
occupies 3 offices.)
• Great 1031 exchange property with minimum manage-
ment responsibility.
Demographic 5 Miles
Population 104,610
Households 37,210
Average Income $91,445
Source: U.S. Census Bureau, Census 2010. Esri forecasts
for 2015 and 2020..
Property Details
Total SF 14,779 SF
Sale Price $850,000
Retail Space for Lease 6,252 SF
Retail Lease Rate $11.00/SF Mod. Gross
Warehouse Space for Lease 3,484 SF
Warehouse Lease Rate $8.50/SF Mod. Gross
Traffic Count 12,122 AADT
• Ceiling heights: 9½ ft. lower level, 11½ ft. upper level
• 6 loading docks
• 200 amp - 3 phase service
• Yard parking
• Building can be delivered vacant or the existing tenant
occupying 4,332 SF would be willing to stay on
Property Features:
• SUPERIOR LOCATION: within 30 miles of Midtown
Manhattan, 1 mile from train station, 2 miles from
major highway system. Close to banks, restaurants,
delis, health clubs and movie theatres.
• OFFICES: include 20 furnished offices
• SHARED SPACES: include a conference room,
cafeteria, copier/printer room, and outdoor seating.
• TECHNOLOGY: Leading edge technology for
today’s office environment including voice, data and
security.
• PARKING: ratio 3.5 per 1,000 sq. ft.. Reserved
parking available in close proximity to entrance.
Total 6,000 SF
Divisible to 2,500 SF & 3,500 SF
Peter H. Malone
Real Estate Salesperson
914 213 2863
John “Johnny C” Coladonato
Real Estate Salesperson
9845 258 8424
356 Meadow Avenue, 2nd Floor
Newburgh, New York 12550
phone: +1 845 522-5900
pyramidbrokerage.com
6,000 SF FULLY OPERATIONAL
CO-WORKING FACILITY
New York Metro Area
245 Saw Mill River Rd., Suite 106, Hawthorne, NY
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors,
omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of
the property (or properties) in question.
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
15 MILE RADIUS
For more information, please contact:
description
UNIQUE OFFERING: INVESTMENT OPPORTUNITY
10%-11% CAP RATE
To be sold as:
• 6,000 SF fully-rented & fully operational co-working facility
with a strong cash flow located in a 38,000 SF
condominium office building. Purchase with existing
tenants with a strong NOI / Cap Rate. Seller will provide
guarantees to ensure existing tenants and cash flow
remain.
• Excellent opportunity for a qualified investor or owner/
operator in need of small office area. (Current owner
occupies 3 offices.)
• Great 1031 exchange property with minimum manage-
ment responsibility.
Demographic 5 Miles
Population 104,610
Households 37,210
Average Income $91,445
Source: U.S. Census Bureau, Census 2010. Esri forecasts
for 2015 and 2020..
Property Details
Total SF 14,779 SF
Sale Price $850,000
Retail Space for Lease 6,252 SF
Retail Lease Rate $11.00/SF Mod. Gross
Warehouse Space for Lease 3,484 SF
Warehouse Lease Rate $8.50/SF Mod. Gross
Traffic Count 12,122 AADT
• Ceiling heights: 9½ ft. lower level, 11½ ft. upper level
• 6 loading docks
• 200 amp - 3 phase service
• Yard parking
• Building can be delivered vacant or the existing tenant
occupying 4,332 SF would be willing to stay on
Property Features:
• SUPERIOR LOCATION: within 30 miles of Midtown
Manhattan, 1 mile from train station, 2 miles from
major highway system. Close to banks, restaurants,
delis, health clubs and movie theatres.
• OFFICES: include 20 furnished offices
• SHARED SPACES: include a conference room,
cafeteria, copier/printer room, and outdoor seating.
• TECHNOLOGY: Leading edge technology for
today’s office environment including voice, data and
security.
• PARKING: ratio 3.5 per 1,000 sq. ft.. Reserved
parking available in close proximity to entrance.
Peter H. Malone
Real Estate Salesperson
914 213 2863
John “Johnny C” Coladonato
Real Estate Salesperson
9845 258 8424
356 Meadow Avenue, 2nd Floor
Newburgh, New York 12550
phone: +1 845 522-5900
pyramidbrokerage.com
6,000 SF FULLY OPERATIONAL
CO-WORKING FACILITY
New York Metro Area
245 Saw Mill River Rd., Suite 106, Hawthorne, NY
15 miles