Updated Dec 4, 2024
Gemcor Automation LLC Sells West Seneca Industrial Property For $4.5M Lida Eberz Of CBRE Represents Seller
100 Gemcor Drive
$4,500,000
$45/SF
Building Size
98,090 SF
Asset Type
Industrial
Closing
Dec 12, 2023
About this deal
AI
The town of West Seneca has acquired a 98,090-square-foot industrial property located at 100 Gemcor Drive. The manufacturing facility was sold by Gemcor Automation LLC for a total of $4.5 million, resulting in a price per square foot of $46.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,500,000
- Square Footage: 98,090
- Address: 100 Gemcor Drive
- Market: West Seneca
Lida Eberz from CBRE Upstate NY represented Gemcor Automation LLC in the sale of the property. The transaction was brokered by CBRE Upstate NY.
Players
West Seneca Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93