Massena Wellness Center

Location: 23 Maple Street, Massena NY
Square Footage: 9344
Constructed 2002, wood frame, slab on grade
Approaching our 2nd 10-year lease
Renewal with NYS (January 2023) expect 10% increase minimum with renewal
Current lease terms: Renewal term commenced on January 14, 2012 and ends on January 13, 2023
Most recent independent income-based appraisal $1,250,000 prepared for Community Bank, N.A. Mortgage holder

Current Income/Expense Summary:
- Gross Annual Rental Income 2020: $149,000
- Operating Expenses: $65,000
- Net Operating Income: $84,000
- Asking Price: $1,350,000
- Est. 2020 Taxes: $28,854