1666 US-9W, Milton, NY 12547

• PRICING - $14,000,000

• CAP RATE - 7.71%

• NOI - $1,080,000

• LEASE TERM - 20 YEARS

• OPTIONS - FOUR, FIVE-YEAR OPTIONS

• INCREASES - 3% ANNUAL INCREASES

2023 CONSTRUCTION

The subject property is comprised of two facilities. The 40,000 SF fully frozen building was built in 2023 as an add on to the 27,500 SF building that is comprised of 9,000 SF of freezer space, 3,500 SF of cooler, and 15,000 SF of dry storage.

FOUR DECADES OF EXPERIENCE

In the late 1970’s, Conn Freezer Warehouse opened in the Lower Hudson Valley, serving clients who wished to store their frozen perishables a short drive from NYC. In 2019, the firm would eventually be rebranded as Karr Cold Storage. With cold storage in ever-increasing demand, over 1,400,000 cubic feet of freezer space was added to Karr’s footprint, further accommodating its growing number of food partners across various industry sectors.

LONG TERM ABSOLUTE NNN LEASE

Tenant is responsible for Taxes, Insurance, CAM, and facility improvements making for a truly passive investment. Following Close of Escrow Seller will execute a 20 year Absolute NNN Lease.

TEMPERATURE CONTROLLED STORAGE

Karr has ability to service both refrigerated and frozen temp. items with 49,000 SF of freezer space, 3,500 SF of cooler space (holding roughly 35-40 degrees Fahrenheit) as well as 15,000 SF of dry storage.

CENTRAL LOCATION FOR 3PL AND DISTRIBUTION

The subject property is positioned minutes from The NYS Thruway And I-84, providing a central location for distribution and storage for the neighboring New England markets.