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545 Franklin Ave 60,000 SF 100% Leased Industrial Building Mount Vernon, NY 10550 $12,950,000 ($215.83/SF) 6.60% Cap Rate
Investment Highlights
- Income-Producing Industrial Investment Opportunity
- Great for 1031 Exchange
- Diversifed with 4 tenants
- Professionally owned, mangaged, and maintained
Executive Summary
545 Franklin Avenue is a fully stabilized ±60,000 SF industrial investment asset located on the Westchester–Bronx border with immediate access to I-95 and core last-mile distribution corridors. The property is 100% leased to four established tenants, providing consistent, in-place cash flow with no lease-up risk.
The building features on-grade loading on both levels, high clear heights, heavy power, and a full sprinkler system. An additional ±13,500 SF of paved outdoor storage supports parking, fleet, or IOS-style use and enhances overall functionality.
Positioned in a supply-constrained infill submarket with sustained industrial demand, 545 Franklin Avenue offers a stabilized income profile and long-term hold appeal. Detailed tenant information, lease terms, cash flow, income, and expense data are available upon request by contacting Shay Property Group.
The building features on-grade loading on both levels, high clear heights, heavy power, and a full sprinkler system. An additional ±13,500 SF of paved outdoor storage supports parking, fleet, or IOS-style use and enhances overall functionality.
Positioned in a supply-constrained infill submarket with sustained industrial demand, 545 Franklin Avenue offers a stabilized income profile and long-term hold appeal. Detailed tenant information, lease terms, cash flow, income, and expense data are available upon request by contacting Shay Property Group.
Property Facts
Amenities
- 24 Hour Access
- Fenced Lot
- Floor Drains
- Front Loading
- Security System
- Signage
- Storage Space
- Monument Signage
- Smoke Detector
Utilities
- Lighting
- Gas - Natural
- Water - City
- Sewer - City
- Heating - Oil (Steam)
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Walk Score®
Very Walkable (82)
Property Taxes
| Parcel Number | 0800-169-040-03143-000-0003 | Improvements Assessment | $44,000 |
| Land Assessment | $36,000 | Total Assessment | $80,000 |
Property Taxes
Parcel Number
0800-169-040-03143-000-0003
Land Assessment
$36,000
Improvements Assessment
$44,000
Total Assessment
$80,000
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545 Franklin Ave
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