Listed by Cushman & Wakefield Pyramid Brokerage Company - Binghamton, New York
$3,500,000
336 Court Street
Details
Property Type Industrial
Sub Type Distribution, Flex
Square Footage 55,000
Units 2
Cap Rate 8.08%
NOI $282,865
Price per SqFt $64
Class A
Year Renovated 2011
Stories 2
Acreage 2.630
Zoning industrial
Investment Type Net Lease
Ground Lease No
Ceiling Height 12
Loading Docks 3
Dock High Doors 2
Industrial | 8.08% CAP | 55,000 SqFt
Marketing description
Industrial investment opportunity, with two credit tenants at a very favorable cap rate in a stable, low vacancy market.
Investment highlights
Two credit tenants occupy a 55,000 sf bi-level building. The anchor tenant is PeakLogix, a material handling company and one of 40 locations for the Alta Equipment Group. Peaklogix is on a triple net lease that extends to 2031, and occupies 43,731 square feet. The second tenant is Gannett Satellite Information Network, a subsidiary of USAToday Company, the country’s largest newspaper publisher. Gannett distributes local papers daily from this 6,000 square foot location. See the attached offering memorandum for details of the leases and income.
Listing Contacts
Listed by Cushman & Wakefield Pyramid Brokerage Company - Binghamton, New York
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$282,865.00
$23,572.08/mo
Valuation Metrics
0
DSCR
8.08%
Cap Rate
8.08%
ROI
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