21 Sullivan Pky - Warehouse FOR SALE
Fort Edward, NY 12828 |
$1,638,620 USD
214-466-2748
21 Sullivan Pky
Fort Edward, NY 12828
HIGHLIGHTS
- Prime Industrial Facility – ±17,352 SF building on ±1.22 acres with 26’ clear heights, two dock-high doors, and one oversized drive-in door.
- Credit Tenant – 100% leased to Ferguson Enterprises, a leading HVAC and plumbing distributor.
- Strong Financials – $118,800 annual rent with tenant covering taxes, insurance, and CAM; landlord limited to structural repairs.
- Attractive Yield – Investment offers a stable 7.25% cap rate backed by a nationally recognized credit tenant.
- Strategic Location – Easy access to US-4, NY-197, Canadian Pacific rail, and I-87 connecting to Albany MSA
- Growth Market – Positioned in a Hudson River industrial hub with $4.7M in recent NY State infrastructure upgrades.
FOR SALE DETAILS
PRICE
$1,638,620 USD
PRICE/SF
$149 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Ferguson Industrial
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Warehouse
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1990
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
2
DRIVE INS
1
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.22
LAND SF
53,143
ZONING
06
APN/PARCEL ID
163.9-2-1.3
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214-466-2748
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214-466-2748
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