6177 Bay RdCicero, NY 13039

For Sale
$3,700,000

37,200 SF Industrial Portfolio, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
96
This exceptional investment opportunity presents a prime 12.02-acre industrial property in Cicero, NY, ideally situated just two miles from the I-81 and I-481 interchange. The property boasts two buildings totaling 37,200 square feet, offering a versatile mix of industrial and office space. Building 1 encompasses 31,200 square feet, while Building 2 provides an additional 6,000 square feet. A substantial 4,200 square feet is dedicated to office space, complemented by 33,000 square feet of industrial space. The property features five 14-foot-high drive-in doors, high bays with 32-foot clear height ceilings, and robust 1200 Amp/480V/3-Phase power. Extensive outdoor space includes approximately one acre of paved parking and five acres of fenced, stabilized heavy-duty storage yard. Currently operating as a multi-tenant property with two tenants, this Class C industrial complex is offered for sale at $3,700,000, representing a compelling 4.83% cap rate with a Net Operating Income (NOI) of $178,601. The property is zoned for industrial use and is offered as an owner-user investment opportunity under a NNN lease structure. This is a rare opportunity to acquire a well-located, functional industrial complex with significant upside potential.

Highlights

  • 12.02-acre industrial property in Cicero, NY, two miles from I-81/I-481 interchange.
  • Two buildings totaling 37,200 square feet: 31,200 SF Building 1 and 6,000 SF Building 2.
  • 33,000 SF industrial space and 4,200 SF office space.
  • Features include five 14-foot drive-in doors, 32-foot clear height ceilings, and 1200 Amp/480V/3-Phase power.
  • One acre paved parking and five acres fenced, stabilized heavy-duty yard.
  • Multi-tenant Class C property, $3,700,000 asking price, 4.83% cap rate, $178,601 NOI.

Property Details for 6177 Bay Rd

Property type
Other warehouses, Other industrial properties
Square Feet
37,200 SF
Class
C
Buildings
2

Location Insight

City
Cicero
County
Onondaga
State
New York
Latitude
43.163920048436
Longitude
-76.094299460517
6177 Bay Rd, Cicero, New York

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6177 Bay Rd
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