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29793088
29793089

1110-1130 E Washington St, Syracuse, NY 13210

BF
NY 30FE1034180
Sutton Real Estate Company LLC
Listed by Sutton Real Estate Company LLC
$5,540,000
110 days on market
Updated 69 days ago
Opportunity zone

State University of NY Record Storage

Details
Property Type Industrial
Sub Type Warehouse
Square Footage 72,384
Net Rentable (SqFt) 72,384
Units 1
Cap Rate 8.49%
NOI $470,496
Tenancy Single
Lease Type Modified
Lease Term 45.4
Lease Expiration 07/31/2030
Remaining Term 4.1
Rent Bumps Yes
Lease Options 2-5 year
Price per SqFt $77
Broker Co-Op Yes
Class B
Year Built 1950
Year Renovated 2020
Buildings 1
Stories 3
Acreage 1.000
Zoning MX-3
Parking Spaces 10 spaces
Parking Per SqFt 0.14
Investment Type Institutional
Tenant Credit Credit Rated
Lease Commencement 03/13/1985
Occupancy Date 03/13/1989
Loading Docks 3
Dock High Doors 3
Sale Condition 1031 exchange

Industrial | 8.49% CAP | 72,384 SqFt

Marketing description

Introducing an exceptional investment opportunity - SUNY UPSTATE MEDICAL RECORD STORAGE located at 1101 East Water St, Syracuse, NY 13210. This prime property boasts a long-standing tenant, the State University of NY, occupying the 72,384 +/- SF warehouse space since 1985. Positioned strategically with easy access to Interstates 690 & 81 mere minutes away, and key establishments like Upstate Hospital and Syracuse University just 1 mile from the site, this property offers both convenience and potential for growth. The building was newly renovated in 2020, further enhancing its appeal and value. Surrounded by a thriving community, the property benefits from a robust demographic profile, with a projected population increase and solid median household incomes within 2, 5, and 10-mile radius. Take advantage of this rare offering with high traffic counts ensuring visibility and accessibility. Contact us now for more details and secure a profitable venture with this outstanding property in Syracuse.

Investment highlights

  • NYS Lease since 1989 for SUNY Upstate

Listing Contacts

BF
NY 30FE1034180
Sutton Real Estate Company LLC
Listed by Sutton Real Estate Company LLC

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$470,496.00
$39,208.00/mo

Valuation Metrics

0
DSCR
8.49%
Cap Rate
8.49%
ROI

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