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251 Salina Meadows Pky 65,617 SF 91% Leased Office Building Syracuse, NY 13212 $7,950,000 ($121.16/SF) 7.62% Cap Rate
Investment Highlights
- Class A Office / Two stories consisting of 65,617± SF
- Property is easily accessed via the right-of-way from Buckley Road, with close proximity to I-81 and NYS Thruway (I-90)
- ±2.6 year Weighted Average Lease Term
- Two modern lobbies with upscale finishes and an elevator
- Investment offering with cash flow day one in Syracuse’s premier Corporate Office Park
- Less than 6 miles from the future $100 billion Micron semiconductor site
Executive Summary
Two-story 65,617± SF, Class A office building situated on a 5.02-acre parcel within Salina Meadows, a premier five-building suburban office park located just north of Syracuse in the Town of Salina. The building is approximately 86% leased and presents an institutional-quality asset with recent capital improvements, including newly renovated lobbies featuring modern, upscale finishes and furnishings. The property is well-configured with dual entrances, prominent common areas, and a full-service elevator, supporting long-term tenant retention and leasing appeal.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
65,617 SF
Building Class
A
Year Built
1990
Price
$7,950,000
Price Per SF
$121.16
Cap Rate
7.62%
NOI
$605,944
Percent Leased
91%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
32,809 SF
Building FAR
0.30
Lot Size
5.02 AC
Zoning
0-2 - Office and Light Industrial Park District
Parking
342 Spaces (5.21 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Conferencing Facility
- Signage
- Wheelchair Accessible
- Accent Lighting
- Central Heating
- Demised WC facilities
- High Ceilings
- Natural Light
- Recessed Lighting
- Wi-Fi
- Yard
- Monument Signage
- Air Conditioning
- Smoke Detector
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Professional, Scientific, and Technical Services
- -
- -
-
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Professional, Scientific, and Technical Services | - | - | Lorem Ipsum | Jan 0000 |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 2,087 SF
- Office
- -
- Now
- 1st Fl-Ste 1D
- 3,156 SF
- Office
- Full Build-Out
- 60 Days
- 2nd Floor
- 3,633 SF
- Office
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 2,087 SF | Office | - | Now |
| 1st Fl-Ste 1D | 3,156 SF | Office | Full Build-Out | 60 Days |
| 2nd Floor | 3,633 SF | Office | - | Now |
1st Floor
| Size |
| 2,087 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
1st Fl-Ste 1D
| Size |
| 3,156 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| 60 Days |
2nd Floor
| Size |
| 3,633 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
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Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
20/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 314889-050-000-0001-001-002-0000 | Improvements Assessment | $3,600,000 |
| Land Assessment | $400,000 | Total Assessment | $4,000,000 |
Property Taxes
Parcel Number
314889-050-000-0001-001-002-0000
Land Assessment
$400,000
Improvements Assessment
$3,600,000
Total Assessment
$4,000,000
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