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1401 Erie Blvd 58,000 SF 100% Leased Industrial Building Syracuse, NY 13210 $6,000,000 ($103.45/SF) 7.92% Cap Rate

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Executive Summary

This 58,000 square foot industrial building is fully leased to four stable Tenants with strong and resilient business models. The building is surrounded with ample parking, 74 spaces, and the entire back side of the building is visible from Interstate 690. Syracuse University and Upstate Medical University are both about one mile from the property and provide steady economic stability and ongoing expansion. The region is experiencing major hightech and manufacturing growth, driven by Micron’s planned $100 billion campus in Clay, which is spurring new companies, workforce migration, and rising industrial demand. Downtown Syracuse,roughly one mile west, continues to revitalize with new apartments, restaurants, and mixed-use development. The area also offers excellent transportation access via I-81, I-690, and I-90, with upcoming infrastructure
improvements expected to further enhance redevelopment opportunities.A full offering memorandum including a rent roll and proforma, can be provided upon request.

1401 Erie Flyer

Property Facts

Price	$6,000,000	Rentable Building Area	58,000 SF
Price Per SF	$103.45	No. Stories	2
Sale Type	Investment	Year Built	1989
Cap Rate	7.92%	Parking Ratio	1.72/1,000 SF
Property Type	Industrial	Clear Ceiling Height	23’
Property Subtype	Showroom Flex Showroom Industrial Distribution FlexLight Distribution	No. Dock-High Doors/Loading	4
Building Class	B	No. Drive In / Grade-Level Doors	4
Lot Size	1.13 AC	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	22 - Industrial

Price	$6,000,000
Price Per SF	$103.45
Sale Type	Investment
Cap Rate	7.92%
Property Type	Industrial
Property Subtype	Showroom Flex Showroom Industrial Distribution FlexLight Distribution
Building Class	B
Lot Size	1.13 AC
Rentable Building Area	58,000 SF
No. Stories	2
Year Built	1989
Parking Ratio	1.72/1,000 SF
Clear Ceiling Height	23’
No. Dock-High Doors/Loading	4
No. Drive In / Grade-Level Doors	4
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	22 - Industrial