Northmarq’s Commercial Investment Sales team completes $3.64M sale of Buffalo-area industrial facility

CHEEKTOWAGA N.Y. — Northmarq’s Los Angeles Commercial Investment Sales team led by Joel Cukier successfully arranged the $3.64 million sale of an industrial property located at 2575 Broadway in Cheektowaga, New York.

A well-known local developer, the buyer was a family office based out of Orange County, California.

"We continue to see exceptionally strong demand for single-tenant triple-net industrial assets, with investors aggressively pursuing well-located facilities backed by strong real estate fundamentals,” Cukier said. “This particular opportunity generated more than 10 qualified offers, underscoring the depth of capital actively chasing this asset class.”

Built in 1998 and renovated in 2024, 2575 Broadway is a single-tenant, triple net lease facility. The property sits on two acres and includes a 24,400-sq.-ft. building set up for office and industrial. Reimer Heating, Cooling & Plumbing is the current tenant.

The 2575 Broadway facility sits in close proximity to Interstate 90 and several major thoroughfares including Broadway, Harlem Road and Walden Avenue. It is roughly five miles from downtown Buffalo.