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4199 Union Road

Retail Property Sold In Cheektowaga For $1.7 Million With Brokers Jimmy Ventura Cade Kearn Armond Aivazyan Glen Kunofsky
SOLDRetail

Retail Property Sold In Cheektowaga For $1.7 Million With Brokers Jimmy Ventura Cade Kearn Armond Aivazyan Glen Kunofsky

4199 Union Road

$1,700,000

$605/SF

Building Size

2,809 SF

Asset Type

Retail

Closing

Nov 1, 2024

AI

The transaction involved a retail property located at 4199 Union Road in the Cheektowaga market. The sale price for the asset was $1,700,000, with a total square footage of 2,809, resulting in a price per square foot of $605.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,700,000
  • Address: 4199 Union Road
  • Market: Cheektowaga
  • Square Footage: 2,809
  • Price per Square Foot: $605

The deal was represented by brokers Jimmy Ventura, Cade Kearn, Armond Aivazyan, and Glen Kunofsky from NNN Pro, showcasing their involvement in facilitating the transaction.

Players

Glen Kunofsky

Surmount

Broker

$768.6M

vol

106 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage
NNN Pro Group
NNN Pro GroupBrokerage

Buffalo Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93