Upstate New York Industrial 3 Industrial Properties Offered at $4,720,000 in Multiple Locations

Schenectady • Schodack • Canastota, NY
Asking Price: $4,720,000 | Current Combined NOI: $245,140 | Current In-Place Cap Rate: 5.2%
Total Building Area: ±19,840 SF | Occupancy: 100% | Tenant: Lepage Bakeries (Subsidiary of Flowers Foods, Inc. – NYSE: FLO)
Berkshire Hathaway Blake Commercial Division is proud to present this exceptional three-property industrial net-leased portfolio strategically located across Upstate New York. The portfolio totals approximately 19,840 square feet and is fully leased to Lepage Bakeries Park Street, LLC, a subsidiary of Flowers Foods, Inc. (NYSE: FLO) — one of the nation’s largest producers of packaged bakery goods with more than $5.1 billion in 2024 sales.
Each property features a modern small-format flex industrial design with cross-dock or dock-high loading, functional layouts, and excellent accessibility to major transportation corridors including the New York State Thruway (I-90) and I-87. These assets provide a stable, long-term cash-flow opportunity backed by a publicly traded, credit-worthy tenant with consistent rent escalations.
3108 Carman Road, Schenectady, NY
Strategically positioned less than one mile from Exit 25 of the New York State Thruway (I-90), this ±6,000 SF flex industrial facility offers exceptional accessibility within the Capital Region. Fully remodeled in 2016, the building features six van-height loading docks, 14-foot clear heights, and modern distribution-ready infrastructure ideally suited for small-format logistics or warehouse operations. The property sits on 0.73 acres with strong visibility along Carman Road and is fully leased to Lepage Bakeries Park Street, LLC, a subsidiary of Flowers Foods (NYSE: FLO), under a NNN lease with annual rent escalations and renewal options. With its combination of highway connectivity, functionality, and credit-backed tenancy, 3108 Carman Road represents a stable, income-producing industrial asset in the heart of Schenectady’s industrial corridor.
1293 Route 9, Schodack, NY
Situated on 4.61 acres within one of the Capital Region’s most active logistics submarkets, this ±7,900 SF cross-dock industrial building is designed for efficient freight handling and high-throughput distribution. The facility offers 14 loading docks — including 4 trailer-height and 10 van-height doors — and ample paved area for trailer storage and circulation. Originally constructed in 2011 and fully remodeled the same year, the property benefits from proximity to major transportation arteries (I-90 and I-87) and sits within a fast-growing industrial corridor anchored by Amazon’s regional distribution center. The site is also fully entitled for an additional ±25,000 SF industrial building and ±6,000 SF of self-storage space, offering clear expansion potential. Currently leased to Lepage Bakeries under a NNN structure with built-in rent increases, 1293 Route 9 delivers both secure income and future value-add opportunity in a dynamic logistics market.
3288 Seneca Turnpike, Canastota, NY
Located less than one mile from Exit 34 of the New York State Thruway (I-90), this ±5,940 SF industrial facility provides immediate regional connectivity between Syracuse and Utica. Built in 2018, the property features ten loading docks (2 trailer-height and 8 van-height), 14-foot clear heights, and a modern layout optimized for warehouse and distribution users. The 1.93-acre site offers excellent visibility and ease of access along Seneca Turnpike, positioning it as a high-functioning last-mile logistics location within the Central New York industrial corridor. The building is fully leased to Lepage Bakeries Park Street, LLC (Flowers Foods subsidiary) under a 15-year NNN lease with 7+ years remaining and two five-year renewal options, each with scheduled annual increases. The combination of newer construction, long-term tenancy, and strong highway orientation makes 3288 Seneca Turnpike a durable, low-maintenance industrial investment offering dependable income and long-term value stability.