53 Ten
Industrial | 157,523 SqFt
Marketing description
JLL Industrial Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire the unencumbered fee-simple interest in 53 Ten (“the Property”), a 157,523-square-foot industrial manufacturing facility featuring a timeless, functional design with 3 dock-high and 5 grade-level doors, a 160’ truck court, 19’ clear height, and heavy power capacity of 10,825 amps via four SES units.
The Property is fully leased to Corning Optical Communications through February 2029, with the company maintaining a nearly 45-year presence at the site. Significant capital investments have been made to enhance and customize the facility, underscoring the tenant’s long-term commitment and minimizing future vacancy risk. Corning Optical Communications is a wholly owned subsidiary of Corning Incorporated (NYSE: GLW), a global leader in materials science and optical communications with investment-grade credit—BBB+ (S&P) / Baa1 (Moody’s), offering investors the stability of a globally recognized Fortune 500 company.
View the materials here: https://invest.jll.com/listings/industrial-logistics/53-ten/deal-room?folderId=339668699213
Investment highlights
157,523 SF
100% NNN Leased
2.8 Years Term Remaining
Heavy Power (10,825A, 480V)
4.0% Annual Increases
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