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200 Westinghouse Cir
Horseheads, NY 14845
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- Institutional Tenancy – Occupied by Eaton Corporation
- Multiple Value-Add Paths – In addition to below-market in-place rents, two developable parcels offer expansion or disposition potential
- Prime Regional Connectivity linking Buffalo, Rochester, Syracuse, and NYC
- Tight Market Fundamentals – Elmira/Corning submarket features 4% industrial vacancy, 40%+ rent growth since 2019, and limited new supply
EXECUTIVE SUMMARY
Newmark is pleased to present the opportunity to acquire the fee-simple interest (land & building) in a mission-critical 860,000 SF industrial facility strategically located in Horseheads, NY. Anchored by Southern Tier Logistics (66% of GLA) and Investment-Grade Eaton Corporation (NYSE: ETN | S&P: A- | 21% of GLA), the property benefits from long-term tenancy (Eaton’s tenure exceeds 45 years), recent expansions, and demonstrated tenant commitment through recent seven-year renewals.
Situated on 59 acres with direct I-86 frontage, the asset provides exceptional connectivity across the Northeast corridor, supported by $3.1M in recent capital improvements and additional development upside on 8.5 acres of excess land. With in-place rents averaging 20%+ below market, the I-86 Distribution Center offers both stable cash flow and near-term NOI growth—all at a basis significantly below replacement cost.
An Offering Memorandum with detailed information is available upon request or by entering your contact information in the following link: https://properties.nmrk.com/I-86-Distribution-Center
Situated on 59 acres with direct I-86 frontage, the asset provides exceptional connectivity across the Northeast corridor, supported by $3.1M in recent capital improvements and additional development upside on 8.5 acres of excess land. With in-place rents averaging 20%+ below market, the I-86 Distribution Center offers both stable cash flow and near-term NOI growth—all at a basis significantly below replacement cost.
An Offering Memorandum with detailed information is available upon request or by entering your contact information in the following link: https://properties.nmrk.com/I-86-Distribution-Center
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Bus Line
- Fenced Lot
- Property Manager on Site
UTILITIES
- Lighting - Metal Halide
- Gas - Natural
- Water - City Water
- Sewer - County Sewer
- Heating - Gas
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $5,326,100 | |
| Land Assessment | $4,973,900 | Total Assessment | $10,300,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,973,900
Improvements Assessment
$5,326,100
Total Assessment
$10,300,000
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