1979 Central Ave - Flex FOR SALE
Colonie, NY 12205 |
$18,202,000 USD
510-289-1166
1979 Central Ave
Colonie, NY 12205
HIGHLIGHTS
- New Long Term Lease with a Corporate Guaranty from Tesla, Inc. (NASDAQ: TSLA)
- Annual Rent Increases
- Brand New 2026 Construction on Large Lot with Ample Parking
- Excellent Visibility and Strong Frontage Along Central Avenue (43,405 ADT) with Convenient Access to I-87 & I-90
- Premier Capital Region Location - Diverse Regional Economy with Growing "Tech Valley" Hub
- Population of 523,503 within 10 Miles and Average Household Income of $129,947 within a 3-Mile Radius
OVERVIEW
Brand new Tesla Service Center located in Albany, New York. The property features a long-term lease with a corporate guaranty from Tesla, Inc. and serves as a mission-critical facility supporting the company’s growing footprint in New York’s Capital Region.
In Association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed New York Real Estate Broker #10991231395
FOR SALE DETAILS
PRICE
$18,202,000 USD
PRICE/SF
$607 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Single
STATUS
Proposed
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Tesla Service Center
PROPERTY TYPE
Flex
ADD'L SUBTYPES
Auto Repair, Freestanding, Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2026
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
-
PARKING SPACES
282
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
012689-029-006-0001-001-000-0000
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510-289-1166
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510-289-1166
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