Listed by CBRE - Syracuse
$7,950,000
251 Salina Meadows Parkway
Details
Property Type Retail, Office
Sub Type Traditional Office, Executive Office
Square Footage 65,617
Units 342
Cap Rate 7.62%
Occupancy 86.47%
Pro-Forma NOI $605,944
Class A
Year Built 1990
Year Renovated 2022
Buildings 1
Stories 2
Acreage 5.000
Zoning 0-2 Office and Light Industrial Park District
Parking Spaces 342 spaces
Parking per 1,000 SqFt 5.21
Ground Lease No
Investment l Office l Multi-tenant, 86.47% Occupied
Marketing description
Two-story 65,617± SF, Class A office building situated on a 5.02-acre parcel within Salina Meadows, a premier five-building suburban office park located just north of Syracuse in the Town of Salina. The building is approximately 86% leased and presents an institutional-quality asset with recent capital improvements, including newly renovated lobbies featuring modern, upscale finishes and furnishings. The property is well-configured with dual entrances, prominent common areas, and a full-service elevator, supporting long-term tenant retention and leasing appeal.
Investment highlights
- Two-story Class A Office Building
- 65,647± SF on 5.02 AC
- 86.4% Leased / Long-term tenant appeal
- Two modern lobbies with upscale finishes and an elevator
- Easy access to I-81 and the NYS Thruway (I-90)
- Less than 6-miles from the future $100 billion Micron semiconductor site
- Investment Opportunity with ±2.6 year Weighted Average Lease Term
Listing Contacts
Listed by CBRE - Syracuse
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