12 White St - Warehouse FOR SALE


Buchanan, NY 10511
$6,500,000 USD
914-301-6879
12 White St, Buchanan, NY for Sale
$6,500,000 USD
Warehouse - FOR SALE
1/11
null | 5.51% Cap Rate

12 White St
Buchanan, NY 10511


OVERVIEW

Northeast Private Client Group, Inc. is pleased to present 12 White Street Industrial, a ten-suite multi-tenant industrial building on roughly 1.63 acres in the Village of Buchanan, New York — on the eastern bank of the Hudson River between the villages of Peekskill and Cortlandt, with access to Route 9, the Metro-North Hudson Line, and the Bear Mountain and Taconic State Parkways. The building is configured as 10 individual suites that offer a diversified income stream with strong upside potential for either an investor or an owner-user. Seven of the ten suites are currently leased to tenants, who pay for their electric and heating, keeping the owner expense load light. The remaining three suites will be vacated by the current owner at closing, creating a unique opportunity for two distinct buyer profiles: an owner-user seeking industrial or flex space for their own operations can acquire the property with immediate access to roughly 30% of the building at closing while benefiting from in-place tenant income on the remaining suites to help offset carrying costs. A value-add investor can absorb the vacated space, re-tenant at market rents, and benefit from a multi-tenant structure that diversifies rollover risk across ten separate leases rather than concentrating exposure with a single tenant. The multi-tenant format also provides flexibility to subdivide, reconfigure, or consolidate suites to suit future leasing demand or an owner-user's specific space requirements, and the property's location in Buchanan offers convenient access to regional transportation corridors and the broader Hudson Valley and lower Westchester industrial market. With its diversified income base, manageable lot size, and a built-in vacancy component at closing, this property is well positioned to attract both income-focused investors

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$171 USD /SF

CAP RATE

5.51%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

-

CLEAR CEILING HT

18 Ft

DOCKS

2

DRIVE INS

5

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.75

LAND SF

119,790

ZONING

I

APN/PARCEL ID

2201-043-016-00003-000-0005

ASK ABOUT THIS PROPERTY

Karl HasselrotNortheast Private Client GroupMore Info
914-301-6879

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Karl HasselrotNortheast Private Client GroupMore Info
914-301-6879

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.