Pathfinder Bank
Office | 45,000 SqFt
Marketing description
CBRE Upstate NY is pleased to offer Pathfinder’s Central New York Corporate Office & Bank Branch building located at 6611 Manlius Center Road, East Syracuse (Town of Dewitt), NY. The property consists of a 30,450± SF, Net Leased, Class A Office Building plus a 15,000± SF finished and occupied Lower-Level on a 2.3-acre parcel. The Pathfinder Building also includes a 3,500 SF bank branch on the ground floor with three drive-thru lanes. The entire building is 100% leased to Pathfinder Bank via a Lease Assignment from Berkshire Bank, aka as Beacon Financial Corporation (NYSE BBT).
To accommodate the Tenant‘s ongoing operations, property tours are by appointment only and require a minimum 48-hours advance notice. Interested parties should contact CBRE Upstate NY to schedule a tour.
Investment highlights
Significant Price Reduction!
Strong Tenant: Pathfinder Bank is the banking subsidiary of Pathfinder Bancorp, Inc. (Nasdaq: PBHC). This institution boasts 1.45 billion in assets, operates 11 full-service branches, and maintains a loan production office, underscoring its deep commitment to local markets. Pathfinder Bank’s lease is guaranteed by Berkshire Bank, a subsidiary of Beacon Financial Corporation (NYSE: BBT).
Excellent Access/Visibility: Located in the northeast quadrant of the merger between Interstate 481 and Interstate 690 with excellent access and visibility (traffic count: 62,260 VPD).
Regional Shopping Node: Pathfinder Bank is located within the Bridge Street corridor in eastern Syracuse, near Erie Boulevard which contains the highest concentration of retail properties in eastern Syracuse. Amenities in the immediate area include Walmart, BJ’s. Home Depot, Staples, East Syracuse Chevrolet, Romano Toyota and Kia of East Syracuse, among many others.
Strong Demographics: Population of 357,216 and an average household income of $98,136 within a 10-mile radius.
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