Crane-Equipped Manufacturing
For Sale
$3,600,000
7 Hackett Drive, Tonawanda, NY 14150
Light industrial facility with extensive crane coverage, high-bay production space, and a compacted gravel yard.
Property Size55,828 SF
Days on Market93
Property Features for 7 Hackett Drive
General Information
Standard status
Active
Size
55,828 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$30,634
Building Details
Building Size
55,828 SF
Year Built
1986
Listing Agency:
Gurney Becker & Bourne
Listed By:
Charles Bo Gurney · License #10401243887
(716) 930-7741
Source:
Highfallssir
Added: Jul 14
Changed: Oct 11
Last Checked: Oct 13 at 2:35AM
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 Gurney Becker & Bourne
Investment Insights
Based on property information with market context.
This 55,828± SF light industrial manufacturing facility occupies 5.70± acres at 7 Hackett Drive in Tonawanda, New York. Approximately 49,000 SF is configured for manufacturing, with 100% crane coverage across the production area. Eleven overhead bridge cranes range from 5 to 25 tons and provide up to 23 feet under the hook. The high-bay section reaches approximately 28-foot clear heights.
The property includes a 2,000-amp, 208/220V, 3-phase electrical service with extensive bus duct distribution throughout the plant. A large compacted gravel yard supports equipment storage, trailer parking, outdoor inventory, and fleet operations. Built in 1986, the facility is zoned Lt Ind, Light Industrial, and is positioned within the Spaulding Business Park redevelopment corridor and Tonawanda’s established manufacturing corridor, with access to regional transportation routes.
The property includes a 2,000-amp, 208/220V, 3-phase electrical service with extensive bus duct distribution throughout the plant. A large compacted gravel yard supports equipment storage, trailer parking, outdoor inventory, and fleet operations. Built in 1986, the facility is zoned Lt Ind, Light Industrial, and is positioned within the Spaulding Business Park redevelopment corridor and Tonawanda’s established manufacturing corridor, with access to regional transportation routes.
Key Highlights
- 55,828± SF manufacturing facility on 5.70± acres
- Approximately 49,000 SF of manufacturing space with 100% crane coverage
- Eleven overhead bridge cranes ranging from 5 to 25 tons
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$297,524
Cap Rate
8.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,950,480
$6.0M
Cap Rate 7%
$4,250,343
$4.3M
Cap Rate 9%
$3,305,822
$3.3M
Market Conditions
NOI Build-Up for 55,828 SF
Gross rent
$375.2K $6.72/SF
− Vacancy
−$25.1K −$0.45/SF
EGI
$350.0K $6.27/SF
− OpEx
−$52.5K −$0.94/SF
NOI
$297.5K $5.33/SF
Area
Erie County, NY
Vacancy
6.70%
Lease Rate
$6.72 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,950,480
Cap Rate 7%
$4,250,343
Cap Rate 9%
$3,305,822
Alternative Uses
Best Use
Warehouse
$4.25M
$3.72M – $4.96M
NOI $297,524 @ 7.0% cap · market cap 8.26%
Second Best
Industrial
$3.50M
$3.06M – $4.08M
NOI $245,020 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$12.20M
$10.68M – $14.24M
NOI $854,302 @ 7.0% cap · market cap 23.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Explore this area
Business Placement
Demographics for 14150, NY
41,161
Population
20,152
Households
2
Avg Household Size
43
Median Age
32%
College-Educated
95%
High-School Grad
14.9 sq mi
ZIP Area
2,762
Density / Sq Mi
$70,294
Median Household Income
$46,867
Median Earnings
$1,094
Median Rent
$181,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Light industrial facility with extensive crane coverage, high-bay production space, and a compacted gravel yard.
Where is this manufacturing property located?
The property is located at 7 Hackett Drive Tonawanda, NY.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 55,828± SF manufacturing facility on 5.70± acres; Approximately 49,000 SF of manufacturing space with 100% crane coverage; Eleven overhead bridge cranes ranging from 5 to 25 tons
