718-496-9820
20 Bomax Dr, Ithaca, NY for Sale
Manufacturing - FOR SALE
1/1
null | 7.8% Cap Rate

20 Bomax Dr
Ithaca, NY 14850


HIGHLIGHTS

  • 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.
  • Value Add: There is an additional 7,500 SF of buildable SF to increase the footprint for future growth

OVERVIEW

Credit tenant | NNN | Industrial Sale w/ value add Fully Leased Industrial Investment | NEW 5-YEAR LEASE SIGNED JULY 2026 20 Bomax Drive presents an opportunity to acquire a 73,825 SF fully leased industrial facility anchored by a long-standing tenant, TransAct Technologies Inc., which has occupied the property since 1989. Most importantly, TransAct signed a new 5-year lease in July 2026, demonstrating a continued commitment to the facility and providing investors with long-term income visibility and contractual rent growth. Investment Highlights 73,825 SF industrial facility Triple Net (NNN) lease Lease term through May 31, 2031 18,066 SF office 48,259 SF light manufacturing 7,500 SF warehouse 4 loading docks 3-phase power Fully sprinklered 102 parking spaces The tenant's nearly four-decade history at the property, combined with its newly executed five-year lease, provides an attractive combination of stability, predictable cash flow, and limited near-term rollover exposure.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

7.8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Single Tenant | NNN

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

Julio ReyesReyes & ElsamadMore Info
718-496-9820

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

Julio ReyesReyes & ElsamadMore Info
718-496-9820

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