6641 Kinne St
East Syracuse, NY 13057
For Lease

The available land consists of approx. 2 acres of outside storage (shown in yellow) located in East Syracuse, Onondaga County. The County is knowns as the "Crossroads of New York State" due to its strategic location at that the State's two major interstate routes - the east-west New York State Thruway (I-90) and the north-south Interstate 81 which intersect just north of the City of Syracuse. More than 150 motor carriers and a small package carrier service the Onondaga County area. Well-rounded infrastructures make logistics one of the main industries in Onondaga. The county is served by six major air cargo carriers at Hancock International Airport, which is located within two miles of the crossroads of the region's major East-West interstate highway (I-90/NYS Thruway) and North-South interstate highway (I-81). By Rail, the County is served by the railroad facilities of CSX and Amtrak. The CSX facility in DeWitt identified the yard as the best location in central New York as an 'inland port’, able to handle 30,000 containers annually from importers of consumer goods and retail goods and, potentially, agriculture exporters. Amazon also completed a 3.8 million-square-foot warehouse in Clay, New York, which is about a 16-min drive away from the subject property. The industrial real estate market in Syracuse has also been going strong. According to CoStar, its vacancy rate has decreased to 3.1% while rent has increased by 37% relative to the 5–year average in Jan 2022. The market consists of 1,317 individual assets that make up around 63,400,000 square-feet. Among them, 35 properties collectively make up the 905,000 square-feet freight terminal footprint in Syracuse, which is the property type the subject property belongs to. Within this property type, the Syracuse market is also performing very strong. Out of the 35 properties, only two are currently vacant, both of which are inferior to the subject property in terms of site quality and location. All in all, the Syracuse market has a strong foreseeable future. Every major national logistics provider is known to have a presence in this market, as Syracuse was strategically developed to benefit from the infrastructure provided by Interstate 90, a 3,000-mile east-west transcontinental freeway spanning from Seattle, WA to Boston, MA.