1130 Upper Front St | Binghamton, NY 13905
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1130 Upper Front St
Binghamton, NY 13905
Velocity Clinical Research · Office Property For Sale
INVESTMENT HIGHLIGHTS
- PASSIVE LEASES | The net lease structure on the three properties provides for passive income with limited responsibilities
- LEADING OPERATOR | Velocity Clinical Research is a global leader in the clinical research industry, offering innovative solutions
- ANNUAL RENT GROWTH | The three leases feature annual rent escalations of 2%, ensuring steady rental income growth over the lease term
- NO EARLY TERMINATION OR KICK-OUT CLAUSE |The three properties have no early termination or kick-out clauses during the initial lease term or options
- GROWING INDUSTRY | The global clinical trials market was valued at $83.75 billion in 2024 and is projected to grow to $149.58 billion by 2034
PROPERTY FACTS
Property Type
Office
Property Subtype
Medical
Building Size
9,984 SF
Building Class
C
Year Built
1990
Tenancy
Single
Building Height
1 Story
Typical Floor Size
9,984 SF
Slab To Slab
12’
Building FAR
0.15
Lot Size
1.48 AC
Zoning
C - Commercial
Parking
41 Spaces (4.11 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 032400-128-008-0001-014-000-0000 | Improvements Assessment | $308,750 |
| Land Assessment | $148,000 | Total Assessment | $456,750 |
PROPERTY TAXES
Parcel Number
032400-128-008-0001-014-000-0000
Land Assessment
$148,000
Improvements Assessment
$308,750
Total Assessment
$456,750
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