38 Corporate CirAlbany, NY 12203

For Sale
Call for price

High-NOI, Single-Tenant Warehouse, Long Lease Term

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional investment opportunity presents a well-maintained, single-tenant warehouse located at 38 Corporate Circle, Albany, NY 12203. The property boasts 181,300 square feet of space, ideal for distribution or warehousing operations. Built in 1984 and situated on a 13.3-acre lot, the warehouse features a 30-foot clear ceiling height, 12 loading docks, and ample parking for 480 vehicles. The property is zoned for light industrial use and benefits from its proximity to Interstate 90, approximately 4 miles away. Currently under a single-tenant, absolute net lease with a remaining term of over 13 years, expiring June 29, 2037, this lease includes annual escalations. The property's strong financial performance is reflected in its Net Operating Income (NOI) of $1,723,087. Assumable financing is available, making this an attractive investment opportunity for buyers seeking a stable, long-term income stream. The property can be sold with the adjacent 42 Corporate Circle. This is a rare chance to acquire a high-quality industrial asset in a desirable location with significant remaining lease term and strong financial performance.

Highlights

  • Single-tenant investment opportunity with assumable financing.
  • Absolute net lease with over 13 years remaining, including annual rent escalations.
  • Well-maintained warehouse featuring 30-foot clear height ceilings and 12 loading docks.
  • ±4 miles from Interstate 90.

Property Details for 38 Corporate Cir

Property type
Other warehouses, Other industrial properties
Square Feet
181,300 SF
Year Built
1984
Lot Size (sq. ft)
579,348 SF

Location Insight

City
Albany
County
Albany
State
New York
Latitude
42.7059399
Longitude
-73.8762713
38 Corporate Cir, Albany, New York

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38 Corporate Cir
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