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Single Tenant | NNN 20 Bomax Dr 73,825 SF Industrial Building Ithaca, NY 14850 $6,395,000 ($86.62/SF)
Investment Highlights
- Positioned with logistics in mind beside Ithaca Tompkins International Airport, near Route 13 and just off the Cornell Business and Technology Park.
- Value Add: There is an additional 7,500 SF of buildable SF to increase the footprint for future growth
- Institutional-quality industrial asset with a diverse configuration of office, light manufacturing, and a high-bay warehouse.
Executive Summary
Credit tenant | NNN | Industrial Sale w/ value add
Fully Leased Industrial Investment | NEW 5-YEAR LEASE SIGNED JULY 2026
20 Bomax Drive presents an opportunity to acquire a 73,825 SF fully leased industrial facility anchored by a long-standing tenant, TransAct Technologies Inc., which has occupied the property since 1989. Most importantly, TransAct signed a new 5-year lease in July 2026, demonstrating a continued commitment to the facility and providing investors with long-term income visibility and contractual rent growth.
Investment Highlights
73,825 SF industrial facility
Triple Net (NNN) lease
Lease term through May 31, 2031
18,066 SF office
48,259 SF light manufacturing
7,500 SF warehouse
4 loading docks
3-phase power
Fully sprinklered
102 parking spaces
The tenant's nearly four-decade history at the property, combined with its newly executed five-year lease, provides an attractive combination of stability, predictable cash flow, and limited near-term rollover exposure.
Fully Leased Industrial Investment | NEW 5-YEAR LEASE SIGNED JULY 2026
20 Bomax Drive presents an opportunity to acquire a 73,825 SF fully leased industrial facility anchored by a long-standing tenant, TransAct Technologies Inc., which has occupied the property since 1989. Most importantly, TransAct signed a new 5-year lease in July 2026, demonstrating a continued commitment to the facility and providing investors with long-term income visibility and contractual rent growth.
Investment Highlights
73,825 SF industrial facility
Triple Net (NNN) lease
Lease term through May 31, 2031
18,066 SF office
48,259 SF light manufacturing
7,500 SF warehouse
4 loading docks
3-phase power
Fully sprinklered
102 parking spaces
The tenant's nearly four-decade history at the property, combined with its newly executed five-year lease, provides an attractive combination of stability, predictable cash flow, and limited near-term rollover exposure.
Property Facts
| Price | $6,395,000 | Rentable Building Area | 73,825 SF |
| Price Per SF | $86.62 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1989 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Manufacturing | Parking Ratio | 1.38/1,000 SF |
| Building Class | B | No. Dock-High Doors/Loading | 3 |
| Lot Size | 7.54 AC | No. Drive In / Grade-Level Doors | 1 |
| Zoning | Commercial | ||
| Price | $6,395,000 |
| Price Per SF | $86.62 |
| Sale Type | Investment NNN |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 7.54 AC |
| Rentable Building Area | 73,825 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Tenancy | Single |
| Parking Ratio | 1.38/1,000 SF |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Commercial |
Amenities
- 24 Hour Access
- Security System
- Air Conditioning
- Cafe
Utilities
- Lighting
- Water
- Sewer
- Heating
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 503201-045-001-0001-051-013-0000 | Improvements Assessment | $4,746,000 |
| Land Assessment | $754,000 | Total Assessment | $5,500,000 |
Property Taxes
Parcel Number
503201-045-001-0001-051-013-0000
Land Assessment
$754,000
Improvements Assessment
$4,746,000
Total Assessment
$5,500,000
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Single Tenant | NNN | 20 Bomax Dr