Jones Lang Lasalle (“JLL”)has been exclusively retained to market the sale of 497 West 129th Street (“The Property”), a distinctive ~11,000 square foot, block-through industrial building in Manhattan. Strategically positioned between Convent and Amsterdam Avenues, the building offers dual frontage via West 129th and West 130th Streets. The ~55’ wide facility features a curb cut with drive in access on West 129th Street, sloped ~40’ ceilings, and column free spacing allowing for optimal distribution processes. The rare zoning conditions allow industrial and logistics users access to an area previously rezoned. The Property is subject to a lease agreement with an investment grade tenant, Amazon (S&P: AA-), with the primary term expiring on October 31, 2027. Amazon is in the second (2nd) year of the initial three-and-a-half (3 ½) year lease term, and the lease includes one (1), four (4) year extension option. The lease operates under a net lease structure, with Amazon responsible for all major expenses including real estate taxes, insurance, management fees, and miscellaneous costs. Upon sale, Amazon will be in the third year of its lease term with annual payments of $583,495. Amazon uses the property as a true last mile delivery facility for sub-same day delivery, delivering millions of packages per year from the site. The property benefits from it’s pre-existing nonconforming use which permits the current use, creating a uniquely positioned asset in Manhattan’s highly constrained market. No area exemplifies the scarcity of zoning compliant industrial space more so than the Upper West Side, where there are no available spaces (see map on page 5 for further information). Aside from the Property, there are no other proximate locations to efficiently deliver to the densest residential population in the United States. The space functions perfectly for Amazon’s sub-same day delivery operations, while its proximity to Manhattan’s dense population provides optimal logistics efficiency. Amazon’s significant operational investment in this facility— which has become integral to its sub same day operations— and the lack of viable alternative locations in Manhattan, ensure the tenant’s renewal prospects are highly secure. The unique mix of zoning protection, operational necessity, and market scarcity, along with a below market rent relative to the facility’s high-volume throughput, position this as a rare and compelling investment opportunity. Two additional value drivers of the asset are its surrounding population density and accessibility. The location allows Amazon to service deliveries throughout the Upper West Side, Upper East Side as well as Harlem & Northern Manhattan. Approximately 600K people live in these neighborhoods within a 15-minute bike ride of the Property, which if separated would make them a top 30 city in the United States, greater than the populations of Baltimore, Atlanta, & Miami, for example. Additionally, the proximity to all major highways allows inbound delivery partners to seamlessly deliver goods to the facility.Lastly, transportation connectivity in the area is also excellent, providing facility employees with immediate access to the 1 A B C D subway lines and numerous bus routes