Listed by Fisher James Capital, ParaSell Inc
$18,202,000
Tesla Service Center
Details
Property Type Retail, Industrial
Sub Type Auto Shop, Flex
Square Footage 29,998
Units 282
Tenancy Single
Brand/Tenant Tesla
Rent Bumps Yes
Broker Co-Op True
Year Built 2026
Parking Spaces 282 spaces
Parking Per SqFt 9.40
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
New Long-Term Tesla with Annual Increases in High Income Market
Marketing description
- New Long Term Lease with a Corporate Guaranty from Tesla, Inc. (NASDAQ: TSLA): Annual rent increases
- Brand New 2026 Construction on Large Lot: Strategically serves the greater Albany metropolitan area with strong regional connectivity to I-87 and I-90
- Prime Commercial Corridor Location: Excellent visibility and frontage along Central Avenue (43,405 ADT)
- Demographics Aligned with Tesla's Customer Base: Population of 523,503 within 10 miles with an average household income of $129,947 within 3 miles
- Proximity to Major Demand Drivers: Near University at Albany (17,500+ students), Harriman State Office Campus (3M SF), and Albany International Airport (~3M annual passengers)
- Premier Capital Region Submarket: Diverse regional economy with growing "Tech Valley" hub
Investment highlights
Brand new Tesla Service Center located in Albany, New York. The property features a long-term lease with a corporate guaranty from Tesla, Inc. and serves as a mission-critical facility supporting the company’s growing footprint in New York’s Capital Region.
In Association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed New York Real Estate Broker #10991231395
Listing Contacts
Listed by Fisher James Capital, ParaSell Inc
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Zoning
COR MixedMixed UseCommercial Office Residential District
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View all 123 uses Last updated Apr 15, 2026 For deeper zoning details, reports are available at Zoneomics
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