THE GRID Buffalo, NY

Execute CA

The Offering

Address

1155 Main Street
Buffalo, NY 14209

As an exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in The Grid (the “Property”) for sale, a newly constructed 216-unit furnished apartment community in Downtown Buffalo, NY.

Situated at 1155 Main St, footsteps from the medical campus, this community has proven its attractiveness to young professionals and affluent individuals seeking a luxury lifestyle that is not offered by competing residential properties in the immediate area.

The Grid is ideally suited to cater to tenants who are seeking a neighborhood with walkability to restaurants, retail, and nightlife, as well as the ease of public transportation. The property is located adjacent to the Summer-Best metro-rail station, offering a 6-minute commute to Lafayette Square and Special Events Station.

Investment Highlights

• Strong Fundamentals - 5-year average vacancy of 6%, 23% rent growth, and 4.5% forecasted annual growth in the submarket

• Built-In Tenant Base - Steps from the 17,000+ employee Buffalo Niagara Medical Campus, including Roswell Park, Buffalo General, and UB Jacobs School of Medicine

• Best-in-Class Product - 2020 construction, 216 units, rooftop deck, co-working space, 85% furnished — no comparable offering in the market

• Proven Performer - 94% occupied with $1,400 average rent and $3.13 PSF across a studio/one-bed-heavy mix ideal for the medical professional demographic