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32385969
32385978

70 Pleasant Hill Road, Cornwall, NY 12553 For Sale

JM
NY 10301205773
KW Commercial Hudson Valley United
MG
NY 10301219733
KW Commercial Hudson Valley United
Listed by KW Commercial Hudson Valley United
$6,500,000
75 days on market
Updated 5 days ago

Tectonic Engineering

Details
APN 332489-034-000-0001-005.100-0000
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 19,668
Cap Rate 7.37%
NOI $478,752
Occupancy 100%
Tenancy Multi
Lease Type NNN
Lease Expiration 10/01/2029
Rent Bumps Yes
Lease Options renewable
Pro-Forma Cap Rate 7.56%
Pro-Forma NOI $491,515
Year Built 1985
Buildings 1
Stories 3
Acreage 4.900
Lease Commencement 10/01/2024
Sale Condition For sale by owner

Office | 7.50% CAP

Marketing description

Fully leased commercial investment opportunity in desirable Cornwall, NY adjacent and visible from I87/NYS Thruway. The Class A office building is 100% occupied by a long-term commercial tenant (Tectonic Engineering Headquarters) who leases the entire 3 story building through a NNN lease that runs thru October 31, 2029 with built in increases and a 5 year option to extend. Tenant reimburses the landlord for real estate taxes, insurance, and maintenance, creating a strong net-lease income structure. The tenant is also responsible for garbage service, building and septic maintenance, and lawn care/snow removal, resulting in minimal landlord responsibilities which are limited to roof, structure, parking lot and HVAC replacement (new HVAC currently being installed). Additional passive revenue is generated from two longterm rooftop cell tower leases with major telecommunications carriers, Verizon and T-Mobile, providing stable supplemental income with annual lease increases. The total reported net operated income for 2025 was $478,752 reflecting a cap rate of 7.37%. 2026 proforma NOI is $490,658 reflecting an increase to a 7.55% cap rate. Future annual rental projection documents and leases require a signed NDA. Recent capital improvements include a new HVAC system currently being installed by the landlord and a roof replacement completed two years ago, enhancing the property’s long-term reliability and minimizing deferred maintenance expense. Future expansion-Situated on a sizable parcel with potential for a 10000 sq ft building expansion subject to zoning approvals, the property offers future upside in addition to its existing income stream. A rare opportunity to acquire a stable, income-producing commercial asset with long-term tenancy and multiple revenue sources in a strong Hudson Valley market.
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Listing Contacts

JM
NY 10301205773
KW Commercial Hudson Valley United
MG
NY 10301219733
KW Commercial Hudson Valley United
Listed by KW Commercial Hudson Valley United

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$478,752.00
$39,896.00/mo

Valuation Metrics

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DSCR
7.37%
Cap Rate
7.37%
ROI

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