3505 Thomas Drive Livonia NY 14480 MLS #R1555980

3505 Thomas Drive
Livonia, NY, 14480
$850,000
Beds
0 Baths
7,440 SqFt
1.58 Acres
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$850,000
3505 Thomas Drive
Livonia, NY, 14480
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 8/30/26 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.

Property Details

Price:
$850,000
MLS #:
R1555980
Status:
Active
Beds:
0
Baths:
0
Address:
3505 Thomas Drive
Type:
Commercial
Subtype:
Office
Neighborhood:
Livonia-243489
City:
Livonia
Listed Date:
Aug 1, 2024
State:
NY
Finished Sq Ft:
7,440
Total Sq Ft:
7,440
ZIP:
14480
Lot Size:
68,825 sqft / 1.58 acres (approx)
Year Built:
1990

Schools

School District:
Livonia

Interior

Cooling
Central Air
Heating
Gas, Forced Air

Exterior

Construction Materials
Brick
Parking Features
Surfaced
Parking Spots
87
Roof
Asphalt, Shingle

Financial

Net Operating Income
$78,070
Taxes
$16,899
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Malcom, is 28 years old, a father of two kids, very self driven and motivated to succeed for his family. He is a spiritual person with a very strong mind. Malcolm attended East High School located in Rochester, NY. He also went to MCC, Bryant and  Stratton as well. He is an avid gamer. His PS4 gamer tag is KingofAllGodz585. Malcolm also loves to do any physical activities such as football, basketball, weight lifting etc. He is a very huge Greenbay Packer fan and Miami Heat fan as well as a big…

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