20 Bomax Dr - Manufacturing FOR SALE


Ithaca, NY 14850
$6,450,000 USD
607-366-9470
20 Bomax Dr, Ithaca, NY for Sale
$6,450,000 USD
Manufacturing - FOR SALE
1/28
null | 7.45% Cap Rate

20 Bomax Dr
Ithaca, NY 14850


HIGHLIGHTS

  • Take advantage of this fully leased, income-producing industrial property perfect for investors and buyers seeking a hands-off investment.
  • Leased to NASDAQ-listed TransAct Technologies Inc. since 1989, demonstrating long-term commitment as well as operational stability.
  • Positioned with logistics in mind beside Ithaca Tompkins International Airport, near Route 13 and just off the Cornell Business and Technology Park.
  • Institutional-quality industrial asset with a diverse configuration of office, light manufacturing, and a high-bay warehouse.
  • Positioned northeast of Downtown Ithaca near retailers and restaurants, including McDonald’s, TOPS, Target, BJ’s, Subway, and more.

OVERVIEW

20 Bomax Drive represents a compelling opportunity to acquire a fully leased industrial investment in Ithaca, New York. The property consists of a fully leased 73,825-square-foot industrial facility in Ithaca that was custom-built for TransAct Technologies Inc., which has occupied the asset since 1989. 20 Bomax Drive's layout is designed for operational flexibility, featuring 18,066 square feet of office space, 48,259 square feet of light manufacturing space, and 7,500 square feet of warehouse space, supported by four loading docks, 3-phase power, sprinklers, and 102 parking spaces. The triple net lease extends through May 31, 2031, and includes scheduled rent increases, providing dependable income growth from $480,265.50 to $520,164.48. With long-term tenancy, functional design, and a strategic location near key transportation routes, 20 Bomax Drive offers the durability of a purpose-built industrial asset with the accessibility that today’s users value. Ithaca delivers a strong setting for industrial investment, backed by a mix of business activity, innovation, and convenient access. Located near Ithaca Tompkins International Airport and the Cornell Business & Technology Park, 20 Bomax Drive is well-positioned for a range of users, including light manufacturing, research-related operations, logistics, and support services. The area provides easy access to major travel routes and is part of an established business community influenced by Cornell University’s research and technology network. For investors, these qualities support long-term tenant demand, lasting relevance, and solid occupancy potential.

FOR SALE DETAILS

PRICE

$6,450,000 USD

PRICE/SF

$87 USD /SF

CAP RATE

7.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1989

UTILITIES

Lighting, Water, Sewer, Heating

CLEAR CEILING HT

-

DOCKS

3

DRIVE INS

1

PARKING SPACES

102

LAND DETAILS

LAND ACRES

7.54

LAND SF

328,442

ZONING

Commercial

APN/PARCEL ID

503201-045-001-0001-051-013-0000

ASK ABOUT THIS PROPERTY

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-366-9470

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Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-366-9470

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