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339 Broadway 54,704 SF 100% Leased Industrial Building Albany, NY 12204 $5,800,000 ($106.03/SF) 8.20% Cap Rate
EXECUTIVE SUMMARY
Distribution center for sale in Menands area. Large 6.70 AC lot with lots of room for fleet and delivery vehicles. The 54,704 SF of new construction, 1 dock and 4 drive ins with a clear height of 20' is perfect for distribution and storage needs. Great opportunity for a Warehouse, Manufacturing or Distribution requirement in the Albany, NY Market.
PROPERTY FACTS
| Price | $5,800,000 | Rentable Building Area | 54,704 SF |
| Price Per SF | $106.03 | No. Stories | 1 |
| Sale Type | Investment | Year Built | 1969 |
| Cap Rate | 8.20% | Parking Ratio | 0.86/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 20’ |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 1 |
| Building Class | C | No. Drive In / Grade-Level Doors | 4 |
| Lot Size | 6.70 AC | ||
| Zoning | 86 | ||
| Price | $5,800,000 |
| Price Per SF | $106.03 |
| Sale Type | Investment |
| Cap Rate | 8.20% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 6.70 AC |
| Rentable Building Area | 54,704 SF |
| No. Stories | 1 |
| Year Built | 1969 |
| Parking Ratio | 0.86/1,000 SF |
| Clear Ceiling Height | 20’ |
| No. Dock-High Doors/Loading | 1 |
| No. Drive In / Grade-Level Doors | 4 |
| Zoning | 86 |
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Carpentry
- Services
- -
- $7.00
- Triple Net
- Nov 2028
- Extreme Molding
- Manufacturing
- -
- -
- Triple Net
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Carpentry | Services | - | $7.00 | Triple Net | Nov 2028 | |
| Extreme Molding | Manufacturing | - | - | Triple Net | - |
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PROPERTY TAXES
| Parcel Number | 012603-055-006-0002-006-000-0000 | Improvements Assessment | $1,308,600 |
| Land Assessment | $217,200 | Total Assessment | $1,525,800 |
PROPERTY TAXES
Parcel Number
012603-055-006-0002-006-000-0000
Land Assessment
$217,200
Improvements Assessment
$1,308,600
Total Assessment
$1,525,800
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339 Broadway
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