4 Cherry St.
$750,000
4 Cherry St., Greene, NY 13778
10.29
Cap Rate
4,184 sqft
Building Size
Details:
Description:
Offered for sale is this Industrial property with a NN lease in Greene, NY. This property is in excellent condition. The tenant is Raymond Corporation. They have over 2,000 employees in Greene, NY. They have occupied this space since 2012 and recently signed a 3 year extension with annual increases to 4/25 with a 3 year extension options with 2% annual increases. Rent amounts for the current lease are 2023-$80,106.96; 2024-$81,709.10; 2025-$83,343.28. This is priced to sell at a 10.29% CAP Rate.
This building is in a perfect location for the tenant. Right at the intersection of Genessee and Cherry St. Approximately 1/2 Mile, and walking distance, from the Main Manufacturing facility on Canal St.
NN Lease to one of the areas largest employers.
The tenant has been in this location since 2012 and just signed a 3 year extension with a 3 year option.
Annual increases.
Priced to sell at a 10.29% CAP Rate.
Location
