Offering Report For City Electric Properties 501 & 514 West Genesee St. Syracuse, NY 13204

Transcription

1 Offering Report For City Electric Properties 501 & 514 West Genesee St. Syracuse, NY Contents Property Description Attachments 1) Aerial Photo and Tax map 2) City of Syracuse Zoning Permitted Uses CA (excerpt) 3) Surveys, Site Plan and Floor Plans 4) Term Sheets and Pricing 5) Contact Information Visit us at: All information contained herein is from sources deemed reliable and is submitted subject to errors, omissions, changes in price, prior sale, leasing without notice or other conditions. Principals should not rely solely upon the information contained herein The Sutton Companies The Lofts 525 Plum Street, Suite 100 Syracuse, NY Tel: Fax:

2 Property Description General The property is located on the near Westside of Syracuse at West Genesee, Plum and West Streets in the shadow of I-690/West Street exit ramp. Access to I-690 and I-81 is close by with linkages to I-90 and I-481 minutes away. Included in the property are two parcels totaling 1.70 acres. (See Tax Map.) Three buildings total over 46,000 sf of rentable space. Current use of the buildings are retail/wholesale electrical supply, showroom; corporate, accounting and sales offices; training and conference space. Parking for 69 vehicles plus six drive-in and one dock door for pickup and delivery are provided. Properties Available Address Tax Map # Description Size RE Taxes 501 W. Genesee St ,180 sf one story-masonry+ apt 1.1 ac $23, W. Genesee St ,500 sf three story-masonry+whse 0.6 ac $14,950

3 Regulatory 501 W. Genesee St 514 W Genesee St Syracuse zoning rules designate this property Commercial Class A (CA) which allows for a variety of uses such as apartments, condominiums, commercial, retail, light manufacturing, warehousing, motor vehicle business and many other uses Improvements: Structures One story all masonry structures (4) renovated into one office, showroom and warehouse facility plus penthouse. Rental income $20,000/annually. Circa 1900, 1930 & 1945 Three story all masonry structure renovated and expanded into offices, training/ conference plus a small warehouse. Circa 1940 & 1980 Roofs New EPDM roofs 2006 & 2012 with New EPDM roof 2001 & 1996 warranties Parking 34 paved parking stalls 35 paved parking stalls Utilities City of Syracuse water & Onondaga County sanitary service National Grid Electricity & Gas Electricity 200 amp/3phase electric 240 amp service Heating, ventilation & air conditioning (2) 7.5 ton and (1) 10 ton roof mounted units plus (1) 4 ton for penthouse 100,000 BTU boiler (4) ton roof mounted cooling units 300,000 BTU low pressure boiler Lighting Interior fluorescent (T-5) lighting throughout Metal Halid Exterior security and yard lighting Signage Wall and window signs Security System Honeywell security equipment monitored by Doyle Security Systems on all doors including vehicle entries. Basements 3,700 SF 4,800 SF

4 City Electric Property, Syracuse, New York (View West)

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13 TERM SHEET 501 WEST GENESEE STREET SYRACUSE, NEW YORK SPACE AVAILABLE: 30,180 Rentable square feet available Flexible space for office, retail, warehousing, light manufacturing, services and mixed uses For Buyer: $1,600, (reduced price) FOR TENANT: TERM: Three or more years BASE RENT: $8.00 per rentable square foot per year NNN lease utilities, taxes, insurance, general maintenance and grounds keeping UTILITIES: Separately metered gas/electric for HVAC, lights and outlets TAXES: PARKING: $23, spaces included SPACE IMPROVEMENTS: Delivered to tenant as-is Rev

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