20 Bomax Dr - Manufacturing FOR SALE


Ithaca, NY 14850
$6,599,000 USD
607-621-0439
20 Bomax Dr, Ithaca, NY for Sale
$6,599,000 USD
Manufacturing - FOR SALE
1/38
null | 7.28% Cap Rate

20 Bomax Dr
Ithaca, NY 14850


HIGHLIGHTS

  • Fully Leased Investment Opportunity – 100% occupied by TransAct Technologies, Inc. (NASDAQ-listed tenant
  • Long-Term Occupancy – Tenant in place since 1989, demonstrating long-term commitment and operational stability.
  • Institutional-Quality Asset – 73,825 SF purpose-built industrial facility.
  • Diverse Building Configuration – 18,066 SF Class A office | 48,259 SF light manufacturing | 7,500 SF high-bay warehouse.
  • Premier Business Park Setting – Just off the entrance to Cornell Business and Technology Park.

OVERVIEW

Offered for sale is a fully leased, 73,825 SF industrial facility in Ithaca, custom built for the current tenant, TransAct Technologies, Inc., which has occupied the property since 1989. TransAct is a publicly traded company on the NASDAQ, providing long-term tenancy and operational stability. The property is ideally located within one of Ithaca’s strongest industrial corridors, just off the entrance to the Cornell Business and Technology Park and adjacent to Ithaca Tompkins International Airport. This strategic location offers immediate access to regional and national transportation routes and is minutes from Cornell University and Ithaca College, as well as the amenities of the Finger Lakes region. The building features 18,066 SF of Class A office space, 48,259 SF of light manufacturing space, and 7,500 SF of high-bay warehouse space. The facility includes four (4) elevated loading docks, 3-phase power, full sprinkler coverage, municipal water and sewer, a cafeteria, and a dramatic atrium with 30-foot ceiling heights. The site provides 102 parking spaces with parking on three sides of the building, along with ample area for truck loading and circulation. This is a triple net lease expiring May 31, 2031 with scheduled increases. 2025-2026 Annual Rent is $480,265.50. The annual rent in the final year of the lease is $520,164.48. Providing stable and increasing income. This offering presents a rare opportunity to acquire a purpose-built, institutional-quality industrial asset with a long-standing public company tenant in a premier Ithaca location.

FOR SALE DETAILS

PRICE

$6,599,000 USD

PRICE/SF

$89 USD /SF

CAP RATE

7.28%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

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
607-621-0439

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

Scott WarrenSVN | Innovative Commercial AdvisorsMore Info
607-621-0439

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