Listed by CBRE - Syracuse, CBRE - Albany
$13,500,000
Bridgewater Place
Details
Property Type Office
Sub Type Traditional Office, Executive Office
Square Footage 125,270
Cap Rate 8.58%
Occupancy 94.37%
Class A
Year Built 1916
Year Renovated 1990
Buildings 1
Acreage 0.450
Parking Spaces 478 spaces
Parking per 1,000 SqFt 3.82
Investment Opportunity l 94.37% Leased
Marketing description
CBRE Upstate NY, as exclusive advisor, is pleased to present the opportunity to acquire Bridgewater Place located at 500 Plum Street in Syracuse, New York. Bridgewater Place is a prestigious Class A office building situated in the desirable Franklin Square neighborhood of Syracuse and offers sweeping views of downtown, the newly renovated Onondaga Creekwalk, Onondaga Lake and the Inner Harbor. Measuring approximately 125,270 square feet, the building stands as an icon on the Syracuse skyline. Tenants enjoy historic charm, abundant light and the professional environment that this property offers.
Investment highlights
- Asking Price $13,500,000
- Cap Rate 8.58% In-Place NOI
- 14 Tenants (8 Credit Rated)
- ±94.37% Occupancy
- ±125,270 RSF
- 7stories plus a partial lower level
- Total Parking: ±478
- Located in the desirable Franklin Square neighborhood
- Offering Memorandum Available at: www.500PlumStreet.com
Listing Contacts
Listed by CBRE - Syracuse, CBRE - Albany
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Zoning
MX-4 MixedMixed UseUrban Core
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