Updated Mar 11, 2026
DKP Buffalo Sells Industrial Building At 55 Milens Road Tonawanda For $9.75M
55 Milens Road
$9,750,000
$46/SF
Building Size
211,650 SF
Asset Type
Industrial
Closing
Mar 10, 2026
About this deal
AI
The industrial property located at 55 Milens Road in Tonawanda consists of 21.44 acres. It has a total square footage of 211,650, and the sale transaction was completed for $9,750,000, translating to a price per square foot of $46.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,750,000
- Sale Date: 03/10/2026
- Address: 55 Milens Road
- Market: Tonawanda
- Acres: 21.44
- Square Footage: 211,650
- Price per Square Foot: $46
- Seller: DKP Buffalo
- Brokers: Richard Schechter & David Seider - Cushman & Wakefield
Cushman & Wakefield | Pyramid Brokerage’s Richard Schechter and David Seider represented DKP Buffalo in this transaction, handling the sale on behalf of the seller exclusively.
Players
Tonawanda 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
1.63%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93