New York State Contract Reporter #2137053

Lease of 13,244 SF Class C Warehouse/Office/Laboratory Building at 235 Aero Drive, Cheektowaga, NY

This opportunity is for a lease agreement offered by the Niagara Frontier Transportation Authority (NFTA) Property Department for a 13,244 square foot Class C building at 235 Aero Drive, Cheektowaga, NY. - Government Buyer: - Niagara Frontier Transportation Authority (NFTA), Property Department, Metro Transportation Center - Facility Details: - One-story Class C building totaling 13,244 SF - Includes 6,734 SF office space, 4,800 SF laboratory space, 1,682 SF warehouse/storage, and a 402 SF storage garage - Paved parking lot, adjacent to Buffalo Niagara International Airport - Lease Terms: - Minimum term: 3 years; Maximum term: 5 years; Renewal options negotiable - Minimum asking price: $12.50/SF with 3% annual escalation - Tenant responsible for all improvements, base rent, non-structural repairs, maintenance, utilities, landscaping, and snow removal - Insurance Requirements: - Commercial general liability ($1M per occurrence/$2M aggregate) - Auto liability ($1M) - Workers’ compensation - $500,000 coverage for damage to rented premises - Additional Requirements: - Property is offered 'as is' - Prolonged vehicle storage is prohibited - No OEMs or vendors are specified, as this is a real property lease opportunity

Description

The Niagara Frontier Transportation Authority (NFTA) is seeking proposals for a lease agreement for a one-story Class C building of 13,244 square feet, including office, laboratory, and warehouse space, located at 235 Aero Drive, Cheektowaga, New York. The property includes a 402 square foot storage garage and a paved parking lot. The lease term is a minimum of three years and a maximum of five years with negotiable renewal options. The tenant is responsible for improvements, base rent, maintenance, utilities, landscaping, and snow removal. Insurance requirements include commercial general liability, auto liability, workers' compensation, and coverage for damage to rented premises.

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