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500 White Plains Rd
Tarrytown, NY 10591
Flex Property For Sale
Investment Highlights
- Institutional-Quality R&D Facility
- Replacement Cost Advantage
- Purpose-Built Laboratory Infrastructure
Executive Summary
We are pleased to present the opportunity to acquire 500 White Plains Road, a 153,168 SF institutional-quality research and development facility located within Tarrytown Corporate Center in Tarrytown, New York. Purpose-built for advanced research operations, the Property is currently 90% leased to five laboratory and research tenants, led by BASF (124,726 SF), who is expected to vacate upon their lease expiration in May 2027.
The Property features highly specialized laboratory infrastructure, significant mechanical and electrical capacity, emergency generation, loading facilities and sophisticated HVAC systems that would be difficult and costly to replicate today. With near-term in-place income and BASF’s anticipated vacancy, 500 White Plains Road offers a compelling opportunity for repositioning, re-tenanting or owner-user occupancy within one of the Northeast’s most established healthcare and life sciences corridors.
The Property features highly specialized laboratory infrastructure, significant mechanical and electrical capacity, emergency generation, loading facilities and sophisticated HVAC systems that would be difficult and costly to replicate today. With near-term in-place income and BASF’s anticipated vacancy, 500 White Plains Road offers a compelling opportunity for repositioning, re-tenanting or owner-user occupancy within one of the Northeast’s most established healthcare and life sciences corridors.
Property Facts
| Sale Type | Investment | Rentable Building Area | 153,168 SF |
| Property Type | Flex | No. Stories | 6 |
| Property Subtype | Flex Research & Development | Year Built | 1997 |
| Building Class | B | No. Dock-High Doors/Loading | 3 |
| Lot Size | 16.17 AC | ||
| Zoning | OB | ||
| Sale Type | Investment |
| Property Type | Flex |
| Property Subtype | Flex Research & Development |
| Building Class | B |
| Lot Size | 16.17 AC |
| Rentable Building Area | 153,168 SF |
| No. Stories | 6 |
| Year Built | 1997 |
| No. Dock-High Doors/Loading | 3 |
| Zoning | OB |
Property Taxes
| Parcel Number | 2689-007-160-00042-000-0009 | Improvements Assessment | $15,826,500 |
| Land Assessment | $3,050,200 | Total Assessment | $18,876,700 |
Property Taxes
Parcel Number
2689-007-160-00042-000-0009
Land Assessment
$3,050,200
Improvements Assessment
$15,826,500
Total Assessment
$18,876,700
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