336 Court St - Warehouse FOR SALE


Binghamton, NY 13904- Eastside Binghamton
$3,500,000 USD
607-427-5999
336 Court St, Binghamton, NY for Sale
$3,500,000 USD
Warehouse - FOR SALE
1/10
null | 8.08% Cap Rate

336 Court St
Binghamton, NY 13904
Eastside Binghamton


HIGHLIGHTS

  • Approximately 55,000 square feet gross in a bi-level configuration with the lower level being below grade, but entirely leased
  • 40 spaces plus additional parking and loading. Concrete block foundation with metal siding. Steel roof
  • Three roof mounted heat and air conditioning units service the Peaklogix offices.
  • Five ceiling mounted gas fired heating units are located in the Peaklogix industrial space.
  • 480-volt service, at 800 amps, stepped down to 277, 208, and 120 amps.
  • A 6,000-pound capacity freight elevator connects the upper and lower level Peaklogix industrial space

OVERVIEW

An industrial Investment offering with two credit tenants. The anchor tenant, PeakLogix is a material handing company and one of forty locations as part of the Alta Material Handling Company. PeakLogix leases 43,731 square feet, triple net on two floors. Gannett Satellite Information Network, a subsidiary of USAToday, the country's largest newspaper publisher, leases 6,000 square feet. The property is offered at an attractive cap rate in a stable industrial market. Income and expenses for the leases are detailed in a proforma in the attached offering memorandum.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$67 USD /SF

CAP RATE

8.08%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1981

UTILITIES

Lighting, Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

14 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

40

LAND DETAILS

LAND ACRES

3.34

LAND SF

145,490

ZONING

I

APN/PARCEL ID

030200-160-028-0001-002-000-0000

ASK ABOUT THIS PROPERTY

Maureen WilsonCushman and Wakefield | Pyramid Brokerage CompanyMore Info
607-427-5999

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Maureen WilsonCushman and Wakefield | Pyramid Brokerage CompanyMore Info
607-427-5999

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