1666 Route 9W - Refrigeration Cold Storage FOR SALE


Milton, NY 12547
$14,000,000 USD
661-904-9401
1666 Route 9W, Milton, NY for Sale
$14,000,000 USD
Refrigeration Cold Storage - FOR SALE
1/12
null | 7.71% Cap Rate

1666 Route 9W
Milton, NY 12547


HIGHLIGHTS

  • 2023 CONSTRUCTION - Property consists of two facilities. 40,000 SF fully frozen building was added in 2023 to original 27,500 SF building.
  • FOUR DECADES OF EXPERIENCE - Operating out of this location since the late 1970s
  • LONG TERM ABSOLUTE NNN LEASE - Tenant is responsible for taxes, insurance, CAM, and facility improvements.
  • TEMPERATURE CONTROLLED STORAGE - Karr has the ability to service both refrigerated and frozen temperatures
  • CENTRAL LOCATION FOR 3PL AND DISTRIBUTION - Positioned minutes from The NYS Thruway and I-84

OVERVIEW

PRICING - $14,000,000 CAP RATE - 7.71% NOI - $1,080,000 LEASE TERM - 20 YEARS OPTIONS - FOUR, FIVE-YEAR OPTIONS INCREASES - 3% ANNUAL INCREASES

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$207 USD /SF

CAP RATE

7.71%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Karr Cold Storage | Milton, NY

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Refrigeration Cold Storage

ADD'L SUBTYPES

undefined, Distribution, Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

UTILITIES

-

CLEAR CEILING HT

35 Ft

DOCKS

10

DRIVE INS

2

PARKING SPACES

5

LAND DETAILS

LAND ACRES

4.94

LAND SF

215,186

ZONING

RAG1

APN/PARCEL ID

3600-103.003-0003-068.000-0000

ASK ABOUT THIS PROPERTY

661-904-9401

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661-904-9401

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