530 Sharrotts RdStaten Island, NY 10309

For Sale
$9,500,000

20,920 SF Manufacturing Facility, 7.8% Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a brand-new, state-of-the-art manufacturing building located at 530 Sharrotts Rd, Staten Island, NY 10309. Completed in 2023, this 20,920-square-foot facility sits on a 20,600-square-foot lot and boasts a 100% occupancy rate with a net lease in place. The asking price is $9,500,000, representing a compelling 7.80% cap rate based on a current Net Operating Income (NOI) of $585,760. The building features 14 dock-high doors, 18-foot ceilings, and is zoned M-1-1. The property consists of two units, with the ground floor currently available for lease at $32 per square foot. The second floor is already leased under a long-term triple-net lease, commencing upon completion of construction, at a monthly income of $43,000. This two-story building offers convenient access to major roadways and ample parking. The property's modern design and prime location make it an ideal investment for discerning buyers seeking strong returns and long-term stability. The building dimensions are 57 feet by 150 feet. The lease commenced on May 1, 2024. The property's APN is 07328-0265.

Highlights

  • 18' ceilings on the ground floor and 20' ceilings on the first floor.
  • Brand new, state-of-the-art warehouse in Charleston's central business district.
  • Expressway access.
  • 8,550 SF building (57' x 150') with additional land for parking.
  • Four (4) bay doors with easy ground-level and first-floor access.

Property Details for 530 Sharrotts Rd

Property type
Other industrial properties, Manufacturing properties
Square Feet
20,920 SF
Year Built/Renovated
2023/2023
Buildings
1
Stories
2
Units
2

Location Insight

City
Staten Island
County
Richmond
State
New York
Latitude
40.5379063
Longitude
-74.2365413
530 Sharrotts Rd, Staten Island, New York

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530 Sharrotts Rd
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