For Sale
$1,750,000

5893 Camp RdHamburg, NY 14075

High-yield, multi-tenant office complex

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional mixed-use property, THE ORION PLAZA, presents a compelling investment opportunity in Hamburg, NY. Located at 5893 Camp Rd, this 20,550 square foot complex boasts a diverse tenancy of six businesses across nine units, ensuring a stable income stream. The property features three buildings on a 100,188 square foot lot, constructed in 1994 and renovated in 2018. The buildings are of masonry and block construction with asphalt, pitched roofs. The property includes 70 parking spaces, a significant advantage given the 2:1 parking ratio. Currently operating at 100% occupancy with a Net Lease (NN) structure and a three-year lease term, the property generates a substantial NOI of $123,545, yielding a 7.06% cap rate and a pro-forma cap rate of 7.46%. Utilities are metered separately with CAM charges. The property's prime location in Hamburg Village offers excellent visibility and strong traffic counts, making it an ideal investment for owner-occupancy or a value-add opportunity. The property is classified as Class B and is a FEE SIMPLE ownership. The asking price is $1,750,000, translating to $85.16 per square foot. This stabilized investment offers a blend of medical office, sports/entertainment, and traditional office spaces, providing long-term versatility and strong rental potential. The property's central location provides easy access to major thruways and the Buffalo CBD.

Highlights

  • Exceptional mixed-use investment opportunity in Hamburg, NY.
  • 20,550 SF complex with nine units and six tenants on a 100,188 SF lot.
  • Three buildings, constructed in 1994, renovated in 2018, featuring masonry/block construction and asphalt pitched roofs.
  • 70 parking spaces (2:1 ratio), 100% occupancy, Net Lease (NN) structure with three-year lease terms.
  • $1,750,000 asking price ($85.16/SF), $123,545 NOI, 7.06% cap rate (7.46% pro-forma).

Property Details for 5893 Camp Rd

Property type
Specialty properties, Office properties
Square Feet
20,550 SF
Class
B
Year Built/Renovated
1994/2018
Buildings
3
Stories
1
Units
9

Location Insight

City
Hamburg
County
Erie
State
New York
Latitude
42.7274026
Longitude
-78.8363731
5893 Camp Rd, Hamburg, New York

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
5893 Camp Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message