Property Details
4-building portfolio will be 100% leased to Alta Equipment in a sale-leaseback arrangement. Buildings include: 6847 Ellicott Dr., East Syracuse NY 72,000 sq. ft.; 4381 Walden Ave., Lancaster NY 13,100 sq. ft.; 2820 Curry Rd., Schenectady NY 11,400 sq. ft.; and 241 Paul Rd., Rochester NY 9,600 sq. ft. Tenant will execute a 15-year absolute net lease on 106,100 square feet upon acquisition of the portfolio, starting at $5.46 per square foot, and increasing 2.00% each year thereafter. Tenant responsible for all operating expenses,
maintenance, and capital expenditures related to properties. Each property falls along the I-90 freeway, one of Upstate New York’s most highly-trafficked thoroughfares and provides ease of access to major trucking routes that feed Chicago, Toronto, Cleveland, Indianapolis, and entire east coast. Broker of Record: Abraham Ackerman with Royal York Realty, Inc. NY License No. 31AC0410336
- Property TypeIndustrial, Office
- Submarket
- Year Built1974
- Total Building Size72,100RSF
- Total Acres2.5
- Number of Buildings1
- ZoningT-Dewitt
- Property ID415873