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3288 Route 5 5,940 SF Industrial Building Canastota, NY 13032 $1,179,000 ($198.48/SF) 8% Cap Rate
Investment Highlights
- NNN Lease with Investment Grade Tenant – Stable income with minimal landlord responsibilities.
- Dock-High Industrial Facility – ±5,940 SF with functional layout for warehouse/distribution use.
- Immediate I-90 Access – Less than 1 mile from Exit 34, connecting to Syracuse and Utica.
Executive Summary
A ±5,940 SF industrial building strategically located in Canastota, NY, less than one mile from Exit 34 of the New York State Thruway (I-90). This prime location provides immediate access to a major east-west transportation corridor, offering excellent connectivity to Syracuse, Utica, and the broader Central New York region.
The property is designed for efficient warehouse, distribution, and light industrial use, featuring dock-high loading infrastructure and a functional small-format layout that supports a wide range of operational needs. Its direct highway access and manageable building size make it well-positioned within the region’s active industrial market.
The asset is leased on a Triple-Net (NNN) basis through May 7, 2033, providing investors with long-term, predictable cash flow and minimal landlord responsibilities. Under the NNN structure, the tenant is responsible for taxes, insurance, and maintenance, creating a passive investment profile.
With its strong transportation access, durable lease term, and efficient building configuration, 3288 Seneca Turnpike represents a compelling industrial NNN investment opportunity in Central New York.
The property is designed for efficient warehouse, distribution, and light industrial use, featuring dock-high loading infrastructure and a functional small-format layout that supports a wide range of operational needs. Its direct highway access and manageable building size make it well-positioned within the region’s active industrial market.
The asset is leased on a Triple-Net (NNN) basis through May 7, 2033, providing investors with long-term, predictable cash flow and minimal landlord responsibilities. Under the NNN structure, the tenant is responsible for taxes, insurance, and maintenance, creating a passive investment profile.
With its strong transportation access, durable lease term, and efficient building configuration, 3288 Seneca Turnpike represents a compelling industrial NNN investment opportunity in Central New York.
Property Facts
| Price | $1,179,000 | Rentable Building Area | 5,940 SF |
| Price Per SF | $198.48 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 2018 |
| Cap Rate | 8% | Tenancy | Single |
| Property Type | Industrial | Clear Ceiling Height | 14’ |
| Lot Size | 1.93 AC | No. Dock-High Doors/Loading | 10 |
| Price | $1,179,000 |
| Price Per SF | $198.48 |
| Sale Type | Investment NNN |
| Cap Rate | 8% |
| Property Type | Industrial |
| Lot Size | 1.93 AC |
| Rentable Building Area | 5,940 SF |
| No. Stories | 1 |
| Year Built | 2018 |
| Tenancy | Single |
| Clear Ceiling Height | 14’ |
| No. Dock-High Doors/Loading | 10 |
1 1
Property Taxes
| Parcel Number | 253689-044-000-0001-001-002-0000 | Improvements Assessment | $258,000 |
| Land Assessment | $40,000 | Total Assessment | $298,000 |
Property Taxes
Parcel Number
253689-044-000-0001-001-002-0000
Land Assessment
$40,000
Improvements Assessment
$258,000
Total Assessment
$298,000
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3288 Route 5
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