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
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
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% |