Zaepfel Development Sells Office Building At 1775 Wehrle Drive In Amherst For $3.75M
SOLD
$3,750,000
New York
See Similar DealsOffice34,448 SF
Sold 01/17/2025
SOLD
Zaepfel Development Sells Office Building At 1775 Wehrle Drive In Amherst For $3.75M
1775 Wehrle Drive
See Similar DealsOffice34,448 SF
Sold 01/17/2025
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$108
Total Square Footage:34,448 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 1775 Wehrle Drive in Amherst. The office space has a total square footage of 34,448 and was sold for $3,750,000, resulting in a price per square foot of $108.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,750,000
- Square Footage: 34,448
- Price Per Square Foot: $108
- Seller: Zaepfel Development- James Austin Zaepfel, CEO
- Broker: Vito Picone - Zaepfel Development
- Market: Amherst
The deal was facilitated by James Austin Zaepfel, who serves as the CEO of Zaepfel Development, the selling company. Vito Picone acted as the broker representing Zaepfel Developmentin this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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