Listed by CBRE - Albany
$3,617,000
17 Route 146
Details
Property Type Industrial
Sub Type Manufacturing, Warehouse
Square Footage 15,500
Cap Rate 6.75%
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Lease Options Multiple 5-year option
Price per SqFt $233
Year Built 2019
Acreage 4.000
Zoning PDD - HCM
Investment Type Sale/Leaseback
Ceiling Height 28' (sloped roof)
Loading Docks 2
Industrial | 6.75% CAP | 15,500 SqFt
Marketing description
17 Route 146, Mechanicville (Saratoga County), NY features a newer facility utilized for light manufacturing and warehousing. The site benefits from prime visibility along a major regional corridor, Route 146. The asset is comprised of a ±15,500 SF metal building with ±5,000 SF of office area and ±10,500 SF of warehouse. The warehouse includes a 10-ton bridge crane and is very clean and bright. The site was initially built with a future expansion in mind and can thus accommodate various expansion sizes ranging from 3,000 - 16,000 SF. Any expansion would create upside for an investor.
Investment highlights
- ±15,500 SF Light Manufacturing/Warehouse Facility
- Absolute Triple Net Investment
- Prime visibility along a major regional corridor, Route 146
- ±5,000 SF of office area and ±10,500 SF of warehouse
- 10-ton bridge crane included
- Very clean and bright warehouse
- Site built with future expansion in mind
- Can accommodate various expansion sizes ranging from 3,000 - 16,000 SF
- Expansion would create upside for an investor
- 15 year lease term
- 3% Annual escalations
- Multiple 5-year extension options
Listing Contacts
Listed by CBRE - Albany
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