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29645043
29645053

1401 Erie Blvd E, Syracuse, NY 13210

MF
NY 10401305595
JF Real Estate
J F Real Estate Properties Inc
Listed by JF Real Estate, J F Real Estate Properties Inc
$6,000,000
117 days on market
Updated 117 days ago
Opportunity zone

1401 Erie Boulevard

Details
Property Type Industrial
Sub Type Distribution, Flex (+1)
Square Footage 58,000
Units 4
Cap Rate 7.93%
NOI $475,589
Pro-Forma Cap Rate 7.93%
Pro-Forma NOI $475,589
Price per SqFt $103
Ceiling Height 23
Loading Docks 4

Industrial | 7.93% CAP | 58,000 SqFt

Marketing description

This 58,000 square foot industrial building is fully leased to four stable Tenants with strong and resilient business models. The building is surrounded with ample parking, 74 spaces, and the entire back side of the building is visible from Interstate 690. Syracuse University and Upstate Medical University are both about one mile from the property and provide steady economic stability and ongoing expansion. The region is experiencing major hightech and manufacturing growth, driven by Micron’s planned $100 billion campus in Clay, which is spurring new companies, workforce migration, and rising industrial demand. Downtown Syracuse, roughly one mile west, continues to revitalize with new apartments, restaurants, and mixed-use development. The area also offers excellent transportation access via I-81, I-690, and I-90, with upcoming infrastructure improvements expected to further enhance redevelopment opportunities. A full offering memorandum including a rent roll and proforma, can be provided upon request.

Listing Contacts

MF
NY 10401305595
JF Real Estate
J F Real Estate Properties Inc
Listed by JF Real Estate, J F Real Estate Properties Inc

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$475,589.00
$39,632.42/mo

Valuation Metrics

0
DSCR
7.93%
Cap Rate
7.93%
ROI

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