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3000 Milton Ave 211,000 SF Industrial Building Syracuse, NY 13209 $5,950,000 ($28.20/SF)

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EXECUTIVE SUMMARY

3000 Milton Ave manufacturing facility and foundry now for sale. The property boasts over 211,000 SF of manufacturing space and home to Frazer & Jones/The Eastern Company Established in 1845 with 179 year operating history. The property is situated on 18 acres in the town Solvay. The property is on Solvay municipal power and only minutes from downtown Syracuse, Interstate 90, Interstate 81, and NYS Fairgrounds. Site is an active foundry and its capabilities include core production, machining & assembly, melting & pouring, molding, tooling design/engineering, and thermal processing. The property also is situated on rail with large parking lot and extra area for expansion potential. Business and equipment negotiable. All offers should address business and equipment.

3000 Milton Ave

PROPERTY FACTS

Price	$5,950,000	Lot Size	17.90 AC
Price Per SF	$28.20	Rentable Building Area	211,000 SF
Sale Type	Investment or Owner User	No. Stories	1
Property Type	Industrial	Year Built	1930
Property Subtype	Manufacturing	Tenancy	Single
Building Class	B	Clear Ceiling Height	22’
Zoning	06 - Commercial 1: Zoning Industrial Use

Price	$5,950,000
Price Per SF	$28.20
Sale Type	Investment or Owner User
Property Type	Industrial
Property Subtype	Manufacturing
Building Class	B
Lot Size	17.90 AC
Rentable Building Area	211,000 SF
No. Stories	1
Year Built	1930
Tenancy	Single
Clear Ceiling Height	22’
Zoning	06 - Commercial 1: Zoning Industrial Use

MAJOR TENANTS

Manufacturing
211,000 SF
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The Frazer & Jones Company is a high quality ductile and malleable iron foundry that has been in business for over 150 years in Syracuse, New York. Their foundry produces approximately 90 million castings per year. These high-quality castings range in weights from ounces to twenty-five pounds. The Frazer & Jones Company is one of the largest Individual Ductile/Malleable foundries in the country. The present facility covers almost 210,000 square feet and currently employs approximately 150 people. The facility has complete raw material to final casting in-house manufacturing, heat-treating, finishing and quality control capabilities. Not only does Frazer & Jones consistently manufacture cast iron components of the highest quality, but they also possess advanced technology in place to verify that quality. The foundry is completely computerized utilizing real time Graphical Statistical Control to monitor key variables and allow their monitor from any step in the process.