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Get In TouchYorkshire Shopping Center – Chaffee, NY
12189 NY-16, Chaffee, NY 14030, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 115,872 SF Yorkshire Shopping Center Asset, Located at 12189 NY-16 in Chaffee, NY. This Offering Presents a Value-Add Opportunity, With the Center Currently 42% Leased, Providing Both Immediate Yield and Substantial Value-Creation Through Lease-Up, Providing For a Secure Investment.
- Below Replacement Cost: Acquire a Shopping Center at Just $18 Per Square Foot, Well Below Replacement Cost; This is a Low-Basis Investment Opportunity
- Value-Add Opportunity: 42% Leased, Providing Both Immediate Yield and Substantial Value-Creation Through Lease-Up
- Established Tenant History: Several Tenants Have Operated at the Center For Decades, Demonstrating Long-Term Occupancy and Location Loyalty; Showing Strong Retail Demand in the Immediate Trade Area
- Established National and Regional Tenants: The Center Features a Strong Tenant Mix Including Dollar General, Save-A-Lot, Five Star Bank, and Valu Hardware
- Flexible Leasing Opportunity: Vacant Units Have Varying Sizes, Which Offers Maximum Flexibility to Accommodate a Wide Range of Tenant Types and Leasing Strategies
In Cooperation With SIG RE Services NY LLC – Lic. #10991233211 BoR: Andrew Ackerman – Lic. NY #10491210161
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Price
$2,119,340
Cap Rate
7.00%
PREMISES
115,872 SF
RENEWAL OPTIONS
Varies
Lease Expiration
Varies
BROKERS
Chris Sands
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
By filling in your information and submitting this form, you are accepting the terms of this agreement.