Nadler of Horvath & Tremblay sells 973 Hertel Ave. for $1.16 million

Buffalo, NY Matt Nadler of Horvath & Tremblay has completed the sale of a single tenant Gerber Collision & Glass at 973 Hertel Ave. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $1.16 million.

Gerber Collision & Glass has been at this 10,881 s/f location for over six years and has 15+ years remaining on their lease with three, five-year renewal options. The lease features rent increases every five-years throughout the primary lease term and at the start of each renewal option. 

Gerber Collision & Glass is located along Hertel Ave., one of the area’s primary east-west commercial and commuter corridors. The property has access to area retailers and restaurants, municipal offices, industrial and manufacturing parks, and area employers. Gerber Collision & Glass is surrounded by residential neighborhoods that provide a built-in customer base. 

The property is 1.4 miles from Buffalo State University, three miles from a General Motors facility, and is within four miles of three area hospitals (Buffalo General Hospital, ECMC Health Hospital and the VA WNY Hospital). Additionally, the property offers access to NY Rtes. 5, 33, 198, and 265 and I-90, I-190 and I-290.