Description
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 3/30/26 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.
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0BEDS
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1.58ACRES
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0BATHS
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01/2 BATHS
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7,440SQFT
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$114$/SQFT
Description
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 3/30/26 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.
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Listing information © 2025 CNYIS, GENRIS, WNYREIS. Listing provided by Richard Leasure of Howard Hanna : 585-729-2500.