CARE Brokerage
listing
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Commercial
$850,000
3505 Thomas Drive
Livonia, NY 14480
Listed by: Howard Hanna, 585-729-2500
MLS: New York State Alliance
7,440Sq Ft
Est. Mortgage
$4,488/mo

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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Information courtesy of Howard Hanna is subject to verification and is not guaranteed.
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