Buffalo, NY – Cleeman Realty Group is pleased to announce the successful sale of a Price Rite property located in Buffalo, New York. The 40,830-square-foot retail property, situated on approximately 3.25 acres, and is fully leased to Price Rite Marketplace. The property is located in a densely populated retail corridor in Buffalo, NY.
Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented both the seller and the buyer in this off-market transaction. The purchaser was drawn to the property’s long-term lease and minimal landlord responsibilities, making it an attractive addition to their investment portfolio. Meanwhile, the seller, looking to pivot toward other projects within their portfolio, capitalized on the property’s strong market appeal and strategic positioning.
“This transaction highlights the ongoing demand for well-located, net-leased grocery properties,” said Michael Cleeman, Principal at Cleeman Realty Group. “The Price Rite property in Buffalo stands out as a valuable investment opportunity due to its stable tenancy, robust consumer traffic, and alignment with other top-tier grocery operators in the market.”
The successful sale of this property reflects Cleeman Realty Group’s commitment to delivering exceptional results for its clients, leveraging deep market expertise and a tailored approach to real estate transactions.
For more information about Cleeman Realty Group and its services, please visit www.cleeman.com