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SUNY Upstate Warehouse 1011 Water St 76,753 SF 100% Leased Industrial Building Syracuse, NY 13202 $5,540,000 ($72.18/SF) 7.86% Cap Rate

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Investment Highlights

  • The State University of NY assumed occupancy 1985.

Executive Summary

Introducing an exceptional investment opportunity - SUNY UPSTATE MEDICAL RECORD STORAGE located at 1101 East Water St, Syracuse, NY 13210. This prime property boasts a long-standing tenant, the State University of NY, occupying the 72,384 +/- SF warehouse space since 1985. Positioned strategically with easy access to Interstates 690 & 81 mere minutes away, and key establishments like Upstate Hospital and Syracuse University just 1 mile from the site, this property offers both convenience and potential for growth. The building was newly renovated in 2020, further enhancing its appeal and value. Surrounded by a thriving community, the property benefits from a robust demographic profile, with a projected population increase and solid median household incomes within 2, 5, and 10-mile radius. Take advantage of this rare offering with high traffic counts ensuring visibility and accessibility. Contact us now for more details and secure a profitable venture with this outstanding property in Syracuse.

Property Facts

Price $5,540,000
Price Per SF $72.18
Sale Type Investment
Cap Rate 7.86%
Sale Condition 1031 Exchange
Property Type
Industrial
  • Industrial Warehouse
Building Class B
Lot Size 1.00 AC
Rentable Building Area 76,753 SF
No. Stories 3
Year Built/Renovated 1950/2000
Cross Streets Erie Blvd.
Opportunity Zone Yes
Zoning MX-3 - Mixed Use Development

Utilities

  • Lighting
  • Gas - Natural
  • Water
  • Sewer
  • Heating - Gas

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • State University of NY Upstate Medical
  • Health Care and Social Assistance
  • 72,382 SF
  • -
  • Triple Net
  • Jul 2030
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
State University of NY Upstate Medical Health Care and Social Assistance 72,382 SF - Triple Net Jul 2030
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (71)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
311500-030-000-0012-002-000-0000
Land Assessment
$650,000
Improvements Assessment
$1,150,000
Total Assessment
$1,800,000
  • Listing ID: 39290052

  • Date on Market: 2/2/2026

  • Last Updated:

  • Address: 1011 Water St, Syracuse, NY 13202

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