Property details
NY Single Tenant Distribution Center, Northeast Region
Property Description
NY Single Tenant Distribution Center
Confidential, off-market opportunity
The tenant is a regional operator that has been in business for 100 years and is currently re-structuring their business and moving in a positive direction
205,000 SF on 7 acres
Occupancy: 100% leased single tenant absolute NNN with no landlord obligations
Lease Term: 13 years remaining
Annual rent escalations: 2.5%
Property Clear Height: 48-50’ clear height
Dock Doors: 12 (expansion area to add more dock doors if needed)
The property is currently serves as the tenant's main distribution center for Northeast operations.
Details :
Foundation: Concrete slab on grade
Ext. Walls: Steel frame; insulated metal panel
Floors: 10” reinforced concrete floors
50’ clear height
175,000 SF of high-bay warehouse
30,000 SF of office/mezzanine
ESFR sprinkler system
12 dock-high doors
150 parking spaces
Located in a Opportunity Zone
Images
Highlights
- Status:
- Available
- Price:
- $19,384,000
- PSF:
- $111
- Annual Rent:
- $969,202
- Rent Increases:
- Annual rent escalations: 2.5%
Property Information
- Building Size:
- 175,000 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Industrial
- Units/Spaces:
- 1
- Land Area:
- 12.00 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- NY Single Tenant Distribution Center
- Lease Type:
- NNN
- Lease Expiration:
- 07/01/2035
- Lease Remaining:
- 11.2 years
- Landlord Responsibilities:
- None
- Options:
- Inquire
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.