Newmark is pleased to present the opportunity to acquire the fee-simple interest (land & building) in a mission-critical 860,000 SF industrial facility strategically located in Horseheads, NY. Anchored by Southern Tier Logistics (66% of GLA) and Investment-Grade Eaton Corporation (NYSE: ETN | S&P: A- | 21% of GLA), the property benefits from long-term tenancy (Eaton’s tenure exceeds 45 years), recent expansions, and demonstrated tenant commitment through recent seven-year renewals.
Situated on 59 acres with direct I-86 frontage, the asset provides exceptional connectivity across the Northeast corridor, supported by $3.1M in recent capital improvements and additional development upside on 8.5 acres of excess land. With in-place rents averaging 20%+ below market, the I-86 Distribution Center offers both stable cash flow and near-term NOI growth—all at a basis significantly below replacement cost.
An Offering Memorandum with detailed information is available upon request or by entering your contact information in the following link: https://properties.nmrk.com/I-86-Distribution-Center