5 Columbia CirAlbany, NY 12203

This exceptional investment opportunity presents a fully occupied, Class B office building totaling approximately 49,000 square feet situated on a 5-acre lot at 5 Columbia Circle in Albany, New York. The property boasts a desirable location within a vibrant office park, conveniently located off Washington Avenue Extension with easy access to public transportation via a nearby CDTA bus stop. The building features three long-term, creditworthy tenants with staggered lease terms, providing a stable income stream and potential for future upside. The building is currently 100% occupied, offering immediate cash flow. An additional approximately 8,035 square feet of basement storage space, served by an elevator and sprinkler system, is available for lease, presenting an opportunity to increase revenue. The building itself benefits from quality construction and a history of ongoing capital improvements, including a new roof installed in 2017. The property is zoned MU-CI and features a single building on a sizable 5-acre parcel. The asking price is $7,500,000, translating to a price per square foot of $153.06. This presents a compelling investment opportunity in a thriving Albany County market known for its strong residential, commercial, and recreational appeal. The existing tenants are committed to long-term leases, and one suite is available for sublease or direct lease, allowing a buyer to further optimize the property's income potential. Annual rent escalations are in place, ensuring consistent growth in rental income.