Industrial Portfolio with NNN
For Sale
Contact for pricing
3937 Bayview Rd, Hamburg, NY 14075
Three industrial properties are occupied by one long-term tenant under NNN lease agreements.
Property Size71,684 SF
Price / SF$84
Days on Market133
Property Features for 3937 Bayview Rd
General Information
Standard status
Active
Size
71,684 SF
Class
B
Property subtype
Industrial
Occupancy
100%
Lease Type
NNN
Investment Type
Sale/Leaseback
Building Details
Buildings
3
Units
3
Tenancy
Single
Listing Agency:
CBRE - Buffalo
(716) 855-3700
Listed By:
Tom Roberts · License #10401387094
Source:
Crexi
Added: Apr 22
Changed: Aug 30
Last Checked: Aug 30 at 1:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Buffalo
Investment Insights
Based on property information with market context.
This industrial portfolio comprises three properties totaling 71,684 square feet of industrial space. Each location is occupied by a single long-term tenant, creating a consistent occupancy profile across the portfolio.
The assets are structured under NNN leases with more than eight years remaining on the respective agreements. The offering is presented as a sale-leaseback transaction, providing an investment structure tied to continued tenant occupancy.
The assets are structured under NNN leases with more than eight years remaining on the respective agreements. The offering is presented as a sale-leaseback transaction, providing an investment structure tied to continued tenant occupancy.
Key Highlights
- Three‑property industrial portfolio totaling 71,684 square feet
- Single long‑term tenant occupies all three properties
- NNN lease structure across the portfolio
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$314,609
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,292,180
$6.3M
Cap Rate 7%
$4,494,414
$4.5M
Cap Rate 9%
$3,495,656
$3.5M
Market Conditions
NOI Build-Up for 71,684 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$481.7K $6.72/SF
− Vacancy
−$32.3K −$0.45/SF
EGI
$449.4K $6.27/SF
− OpEx
−$134.8K −$1.88/SF
NOI
$314.6K $4.39/SF
Area
Erie County, NY
Vacancy
6.70%
Lease Rate
$6.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$6,292,180
Cap Rate 7%
$4,494,414
Cap Rate 9%
$3,495,656
Alternative Uses
Best Use
Industrial
$4.49M
$3.93M – $5.24M
NOI $314,609 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.67M
$13.71M – $18.28M
NOI $1,096,937 @ 7.0% cap · market cap 18.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
87
Businesses Nearby
Explore this area
Business Placement
Demographics for 14075, NY
44,053
Population
20,164
Households
2.2
Avg Household Size
46
Median Age
38%
College-Educated
96%
High-School Grad
39.4 sq mi
ZIP Area
1,118
Density / Sq Mi
$82,083
Median Household Income
$50,934
Median Earnings
$1,129
Median Rent
$246,100
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial property - Three industrial properties are occupied by one long-term tenant under NNN lease agreements.
Where is this industrial property located?
The property is located at 3937 Bayview Rd Hamburg, NY.
What is the asking price?
The asking price for this property is $6,093,000.
What are key features of this property?
This property features: Three‑property industrial portfolio totaling 71,684 square feet; Single long‑term tenant occupies all three properties; NNN lease structure across the portfolio
