901 3rd St | Albany, NY 12206
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- LoopNet Team
901 3rd St
Albany, NY 12206
Industrial Property For Sale
INVESTMENT HIGHLIGHTS
- A full financial package is available to qualified buyers.
- Property offers convenient access to I-90 and I-85.
PROPERTY FACTS
| Property Type | Industrial | Year Built | 1955 |
| Property Subtype | Distribution | Tenancy | Single |
| Building Class | C | Parking Ratio | 4.9/1,000 SF |
| Lot Size | 6.98 AC | Clear Ceiling Height | 12’ |
| Rentable Building Area | 30,602 SF | No. Drive In / Grade-Level Doors | 8 |
| No. Stories | 1 | Cross Streets | Central |
| Zoning | MU-CH - Mixed Use | ||
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 6.98 AC |
| Rentable Building Area | 30,602 SF |
| No. Stories | 1 |
| Year Built | 1955 |
| Tenancy | Single |
| Parking Ratio | 4.9/1,000 SF |
| Clear Ceiling Height | 12’ |
| No. Drive In / Grade-Level Doors | 8 |
| Cross Streets | Central |
| Zoning | MU-CH - Mixed Use |
ABOUT 901 3RD ST , ALBANY, NY 12206
The property is offered at a 6.75% capitalization rate based upon $141,488 annual NNN rent + the NPV of 80 remaining months of additional rent payments of $7906.61 to pay off Tenant Improvements performed at the start of the current lease term. The current 10-year lease term will expire on 10/31/26 and the tenant has 2 5-year renewal options at Fair Market Rent.
PROPERTY TAXES
| Parcel Number | 010100-053-084-0001-010-000-0000 | Improvements Assessment | $141,000 |
| Land Assessment | $1,781,000 | Total Assessment | $1,922,000 |
PROPERTY TAXES
Parcel Number
010100-053-084-0001-010-000-0000
Land Assessment
$1,781,000
Improvements Assessment
$141,000
Total Assessment
$1,922,000
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