Zaepfel Development Sells Office Building At 1775 Wehrle Drive In Amherst For $3.75M
1775 Wehrle Drive
$3,750,000
$108/SF
Building Size
34,448 SF
Asset Type
Office
Closing
Jan 17, 2025
About this deal
AI
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.
Players
Buffalo Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93