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Ferguson Industrial 21 Sullivan Pky 17,352 SF Industrial Building Fort Edward, NY 12828 $1,485,000 ($85.58/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Industrial Facility – ±17,352 SF building on ±1.22 acres with 26’ clear heights, two dock-high doors, and one oversized drive-in door.
- Strong Financials – $118,800 annual rent with tenant covering taxes, insurance, and CAM; landlord limited to structural repairs.
- Strategic Location – Easy access to US-4, NY-197, Canadian Pacific rail, and I-87 connecting to Albany MSA
- Credit Tenant – 100% leased to Ferguson Enterprises, a leading HVAC and plumbing distributor.
- Attractive Yield – Investment offers a stable 8% cap rate backed by a nationally recognized credit tenant.
- Growth Market – Positioned in a Hudson River industrial hub with $4.7M in recent NY State infrastructure upgrades.
EXECUTIVE SUMMARY
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
License # 10991237833 (NY)
Matthews Real Estate Investment Services
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
| Price | $1,485,000 | Rentable Building Area | 17,352 SF |
| Price Per SF | $85.58 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1990 |
| Cap Rate | 8% | Tenancy | Single |
| Property Type | Industrial | No. Dock-High Doors/Loading | 2 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 1.22 AC | ||
| Zoning | 06 | ||
| Price | $1,485,000 |
| Price Per SF | $85.58 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 1.22 AC |
| Rentable Building Area | 17,352 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 2 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | 06 |
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Ferguson Industrial | 21 Sullivan Pky
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