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29158516

950 Danby Rd, Ithaca, NY 14850 For Sale

MR
NY NY 30RU1016227
CBRE - Syracuse
CBRE - Syracuse
Listed by CBRE - Syracuse
$20,750,000
190 days on market
Updated 17 days ago
Opportunity zone

South Hill Business Campus

Details
APN 39.-1-1.22
Property Type Industrial, Mixed Use (+1)
Sub Type Flex, R&D (+1)
Square Footage 284,591
Net Rentable (SqFt) 212,192
Occupancy 95.5%
Pro-Forma Cap Rate 8.01%
Pro-Forma NOI $1,661,435
Price per SqFt $73
Year Built 1957
Year Renovated 2005
Buildings 3
Acreage 56.100
Zoning Planned Development Zone & Office Park Commercial
Investment Type Core+
Loading Docks 10

South Hill Business Campus | 284,591 sq. ft. industrial, flex, office property

Marketing description

CBRE Upstate NY is the exclusive representative offering the opportunity to acquire 950 Danby Rd, Ithaca, NY 14850, a large scale multi-tenant commercial campus known as South Hill Business Campus (SHBC) that provides durable and diversified tenancy with long-term leasing flexibility in a supply-constrained market.

The ±284,591 sq. ft. building (includes butler building and monitor storage) on ±56 acres is, as of the offering date, a 95.5% occupied property encompassing a mix of office, light industrial, laboratory, creative, and service-oriented spaces. With suites ranging in size from small studios to large floor plates, the mix allows for flexible layouts that accommodate a variety of business uses and tenant requirements.

Our team will accompany interested parties on property tours. All tours will must be requested through, and accompanied by, the CBRE Upstate NY listing team and require a minimum 48 hours advance notice and are subject to schedule availability.

View the full offering memorandum at www.950danby.com

Investment highlights

  • ±284,591 sq. ft. campus on 56.1 acres

  • 212,192 rentable sq. ft. with ±95.5% occupancy (December 2025)

    • Business center and industrial: 122,058 sq. ft.

    • Office tower: 23,758 sq. ft.

    • Office addition: 55,465 sq. ft.

    • Storage: 10,911 sq. ft.

  • Highly stabilized asset with a diverse mix of 154 tenants

  • Surface parking with 1,200 spaces

  • Located adjacent to Ithaca College and just a short drive from downtown Ithaca and Cornell University

Listing Contacts

MR
NY NY 30RU1016227
CBRE - Syracuse
CBRE - Syracuse
Listed by CBRE - Syracuse

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Additional Information

Name
Mark Rupprecht
License
NY 30RU1016227
Brokerage
CBRE Upstate NY
Brokerage Phone
315-422-4200
Brokerage Address
500 Plum Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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