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40 COMMERCIAL AVE Middletown NY 10941-1444

[Locked] • APN 41-1-74.61

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Details
Property Type Industrial
Sub Type Manufacturing
Building SqFt 48,903
Lot SqFt 268,065
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code ENT-L
Year Built 1979
Building Count 1
Opportunity Zone No
Lease Rate ******
Lease Type ******
Mortgage Amount ******
Mortgage Term ******

Property History

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Property Type
Property Type
Industrial
Marketing Description

Located in Orange County, in southeastern New York State’s Hudson Valley region, 40 Commercial Avenue is a ±52,000 square foot steel frame and concrete block manufacturing, warehouse and distribution facility, fully leased to RIJ Pharmaceutical LLC, a wholly-owned subsidiary of Geritrex, a BelHealth portfolio company. RIJ Pharmaceutical has operated at the facility for over 30 years, and continues to make significant investment and upgrades to the facility.

Centrally located in Mid-Orange Industrial Park, the property is accessible by NY Route 211, a primary commercial corridor in the Town of Wallkill. The building was constructed in 1983 and fully renovated and retrofitted for pharmaceutical manufacturing in 1985 when RIJ took occupancy. Located in the Middletown/Town of Wallkill submarket, the second largest in the County, the property is located less than two miles to Interstate 84 and Interstate 86/NY Route 17. It is located approximately 75 miles northwest of Manhattan.

This single-tenant pharmaceutical manufacturing facility operates under strict Good Manufacturing Practice (GMP) guidelines, producing OTC generic liquid and powder pharmaceuticals, as well as creams and ointments.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Property Details

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There are no additional details for this property

Contacts

Listing removed on
 BY:
EM
Elisabeth Mansfield
•••.•••.1000
•••••beth@•••••••••••••••••••.com
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