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16 Avis Dr 53,528 SF Flex Building Latham, NY 12110 $5,200,000 ($97.15/SF) 7% Cap Rate
Investment Highlights
- GREAT INVESTMENT OPPORTUNITY for a warehouse in EXCELLENT CONDITION with NYS as a LONG-TERM TENANT, over 30 years at this location, with a newly signe
Executive Summary
GREAT INVESTMENT OPPORTUNITY for a warehouse in EXCELLENT CONDITION with NYS as a LONG-TERM TENANT, over 30 years at this location, with a newly signed 10 year lease. All increases in operating expenses and taxes above base year are covered by tenant. 7% CAP rate. Warehouse roof replaced in 2026.
Property Facts
| Price | $5,200,000 | Rentable Building Area | 53,528 SF |
| Price Per SF | $97.15 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1972 |
| Cap Rate | 7% | Tenancy | Single |
| Property Type | Flex | Parking Ratio | 0.84/1,000 SF |
| Property Subtype | Light Distribution | Clear Ceiling Height | 16’ |
| Building Class | B | No. Dock-High Doors/Loading | 3 |
| Lot Size | 2.80 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | 17 - ABA | ||
| Price | $5,200,000 |
| Price Per SF | $97.15 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Flex |
| Property Subtype | Light Distribution |
| Building Class | B |
| Lot Size | 2.80 AC |
| Rentable Building Area | 53,528 SF |
| No. Stories | 1 |
| Year Built | 1972 |
| Tenancy | Single |
| Parking Ratio | 0.84/1,000 SF |
| Clear Ceiling Height | 16’ |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | 17 - ABA |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
20/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 012689-019-003-0001-013-000-0000 | Improvements Assessment | $1,580,000 |
| Land Assessment | $210,000 | Total Assessment | $1,790,000 |
Property Taxes
Parcel Number
012689-019-003-0001-013-000-0000
Land Assessment
$210,000
Improvements Assessment
$1,580,000
Total Assessment
$1,790,000
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