518-364-7789
375 Bay Rd, Queensbury, NY for Rent

$12.00 USD /SF/yr

Office - For Rent
1/55
3,467-3,488 SF | 2 Spaces

375 Bay Rd
Queensbury, NY 12804


OVERVIEW

6,955 SF available for lease at $12/SF, NNN. Two suites [ each ~ 3,488sf] across from each other on 2nd level. Mainly open bullpen w/perimeter offices, kitchenette, numerous windows, excellent natural light.....For Sale: ~ 9.19% Cap Rate...NOI of ~ $219,983 w/vacancy, 10% cash-on-cash return, as is...GSA tenant-no early release...Great asset w/over $300K in current income to off-set monthly operating expenses. Professional building, multi-tenanted w/both medical & gov’t entities[renewed 10 yr lease w/ ~ $300K in upgrades, 8 yrs remain] Well maintained, two story complex inside & out. Suites consists of bullpen areas[one w/numerous cubicles (± 50) ready for occupancy], perimeter offices, conference rooms, kitchenettes, plenty of windows [natural light] & security features. Signage available. Potential for expansion w/gov’t approvals. #’s available to qualified buyer[s]. 100% Bonus Depreciation-Cost Segregation [tax reduction] potential. Silicon Valley of the East! Region destined to become w/help of Nvidia co-founders investment at RPI.. Stabilized NOI.

RENTAL DETAILS

SPACE AVAILABLE

3,467-3,488 SF

# OF SPACES

2

RENT RATE (MO)

$1.00 USD /SF/mo

RENT RATE (YR)

$12.00 USD /SF/yr

LEASE TYPE

Triple Net

LEASE LENGTH

Negotiable

AVAILABLE

Now

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

30,960 SF

BUILDING CLASS

B

YEAR BUILT

2004

PARKING SPACES

150

LAND DETAILS

LAND ACRES

4.05 AC

LAND SF

176,418 SF

ZONING

C-1

ASK ABOUT THIS PROPERTY

Julie Gibbons, CCIMSterling Real Estate GroupMore Info
518-364-7789

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Julie Gibbons, CCIMSterling Real Estate GroupMore Info
518-364-7789

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