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  5. ›FOR LEASE: Light Industrial, and Office Space – 485 Cayuga…

NYS Niagara Frontier Transportation Authority·New York

FOR LEASE: Light Industrial, and Office Space – 485 Cayuga Road, Cheektowaga, NY

Closes 11/17/2026$380k – $1.2MRequest for ProposalLogin required
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Description

The Niagara Frontier Transportation Authority (NFTA) is seeking proposals from responsive and responsible parties interested in leasing all or a portion of 17,897square feet of available space located at 485 Cayuga Road, Cheektowaga, NY 14225. 485 Cayuga Road is a multi-tenant mixed use building with a diverse mix of office, industrial, athletic, retail, aeronautical, and storage spaces for lease located directly on the Buffalo Niagara International Airport grounds. Lease rates are “gross” which include common area maintenance, water, gas, and electric. Available spaces include: • Light Industrial – Suite 104 (Blue area on site plan)11,188 sq ft – minimum rate of $10.60 per sq ft • Office/Conference Room – Suite 102 (Yellow area on site plan)608 sq ft – minimum rate of $12.99 per sq ft • Office – Suites 100 (Red area on site plan)3,138 sq ft – minimum rate of $12.99 per sq ft • Office – Suites 101(Green area on site plan)2,665 sq ft – minimum rate of $12.99 per sq ft • Office – W-37 & W-38 (Pink area on site plan)298 sq ft – minimum rate of $12.99 per sq ft Term The minimum initial term is two years, and the maximum is five years. Renewal options are negotiable. Selection Criteria: The successful proponent will be the party that commits to the greatest overall lease value, based on the amount of space proposed and compatibility of intended use. The location offers flexible configurations suitable for light industrial, storage, and office operations. The NFTA welcomes proposals for single or multiple spaces. Insurance Requirements At all times throughout the term of this contract, tenant agrees to procure and maintain at its expense insurance of the kinds and in the amounts hereafter required, with insurance companies licensed to do business in New York State, covering all operations under this Agreement whether performed by it or its sub-tenants. The insurance companies affording coverage must be deemed acceptable to the NFTA throughout the term of this contract. If any insurance company is deemed unacceptable to the NFTA the tenant agrees to procure and maintain at its expense coverage with an acceptable insurer as soon as notified by the NFTA. The policies shall provide for a 30-day notice to the Authority prior to termination cancellation or change and the Niagara Frontier Transportation Authority shall be listed as Certificate Holder. Prior to the execution of the contract, the tenant shall supply the NFTA certificate(s) of insurance providing evidence of insurance coverage for the tenant for the following coverage: · Commercial General Liability Insurance include coverage for property damage, bodily injury, personal injury and completed operations with a single limit of at least $1,000,000 per occurrence with a $2,000,000 aggregate. The certificate shall name the Niagara Frontier Transportation Authority as an additional insured. · If any motor vehicle is used in the work, Auto Liability Insurance covers bodily injury and property damage with minimum combined single limit of $1,000,000. The certificate shall name the Niagara Frontier Transportation Authority as an additional insured. · Workers’ Compensation and Employer’s Liability in accordance with the applicable laws of the State of New York · Coverage for damage to rented premises of $500,000. Site Tours & Proposal SubmissionTo schedule a tour of the site, please contact: Beth Clark716‑855‑[email protected] Interested parties should submit a digital letter of interest/proposal to [email protected]. on or before November 17, 2026 Please include:• The specific area(s) and square footage proposed• Proposed rate per square foot• Proposed term of the agreement Photos of the available space can be seen at: https://www.nfta.com/doing-business/property-and-asset-leasing/property-directory/light-industrial-office-space-485 Submission Compliance: All proposals must conform to the mandatory rates, square footage terms, and lease limits specified herein. Failure to comply with any mandatory parameter will result in the rejection and disqualification of the bid. Business enterprises awarded an identical or substantially similar procurement contract within the past five years: None

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Beth Clark(Business and Property Specialist)

[email protected]

(716) 855-7413

Key dates

Opened
10/26/2026
Closes
11/17/2026
Duration
2 years

Last updated

Details

Type
Request for Proposal
Industry
Real Estate
NAICS
531120
Solicitation №
TBD

Budget estimate

$380,000 – $1,200,000

Assuming the rates are annual per‑square‑foot charges, the 17,897 sq ft could generate roughly $190,000 – $232,000 per year (low rate $10.60 / sq ft, high rate $12.99 / sq ft). Over the minimum two‑year term the contract value would be about $380,000 – $465,000; over a five‑year term it could reach $950,000 – $1.16 million. Therefore a realistic budget range for a successful lease is approximately $380 k to $1.2 M, depending on space selected and lease length.

AI estimate from the solicitation

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