Listed by Berkshire Hathaway HomeServices Blake, REALTORS Albany
$949,000
3108 Carman Rd
Details
Property Type Industrial
Sub Type Warehouse, Industrial
Square Footage 19,840
Cap Rate 5.20%
NOI $245,140
Lease Type NNN
Class C
Year Built 1975
Year Renovated 2016
Buildings 3
Stories 1
Acreage 0.730
Investment Type Net Lease
Ceiling Height 14
Industrial | 5.20% CAP | 19,840 SqFt
Marketing description
5,940 SF industrial building on 1.93 acres located less than one mile from Exit 34 of New York State Thruway (I-90). The property features 10 docks (2 trailer height, 8 van height). NNN lease in-pace through 5/7/33 with investment grade tenant. Tenant has two, five-year renewals that remain. Property can also be purchased as part of a larger portfolio, see MLS#202501127. Contact LBO for offering memorandum.
Investment highlights
Three-property industrial net-leased portfolio totaling ±19,840 SF across Schenectady, Schodack, and Canastota, NY.
NNN lease structure provides passive income with minimal landlord responsibilities
Strong markets in the Capital Region and Central New York with continued industrial and logistics growth
100% occupied by Lepage Bakeries, a wholly owned subsidiary of Flowers Foods, Inc. (NYSE: FLO).
Strategic locations along the New York State Thruway (I-90) and I-87 corridors for regional logistics efficiency
Limited supply of small-scale industrial assets in Upstate New York enhances long-term value stability
Listing Contacts
Listed by Berkshire Hathaway HomeServices Blake, REALTORS Albany
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$245,140.00
$20,428.33/mo
Valuation Metrics
0
DSCR
25.83%
Cap Rate
25.83%
ROI
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