GSA Anchored Office Building

Properties Sold
Bronx GSA Anchored Office Building_Page_1_Image_0002
Bronx GSA Anchored Office Building_Page_1_Image_0001
GSA ANCHORED OFFICE BUILDING
2360 Westchester Ave., Bronx, NY 10462

PRICE $10,300,000
GLA 27,263 SF
PROPERTY TYPE Retail
CAP RATE 6.5%
OCCUPANCY 88%
YEAR BUILT 1998
Downloads
OFFERING MEMORANDUM
FLYER

BRANDON HAKIMI
brandon@namdarllc.com
DIRECT: 516.773.0080
OFFICE: 516.773.0010
DEMOGRAPHICS
2015 Total Population
1 – mi. – 96,861
3 – mi. – 652,279
5 – mi. – 1,727,828
More info in the flyer

INVESTMENT HIGHLIGHTS

  • Anchored by the United States Government Social Security Office (recently renewed lease)
  • Two story office building with a 70 space indoor parking facility (lower level)
  • Very dense and high traffic area
  • GSA occupies 70% of the building GSA initial SF was 15,577 . GSA had a initial lease term of 10 years with a 1(5) year option. Recently renewed (Year 2013) for 5 years with a increase of $166,000 in rent
  • Built in 1998
  • This investment represents a tremendous investment opportunity with strong inplace cash flow and a AAA credit rated tenant.

City:Bronx
State:NY
Square Feet:27,263 SF
Price:$10,300,000
Cap Rate:6.5%

Listing Inquiry