70 Pleasant Hill Rd - Office FOR SALE


New Windsor Township, NY 12553
$7,250,000 USD
914-760-7331
70 Pleasant Hill Rd, New Windsor Township, NY for Sale
$7,250,000 USD
Office - FOR SALE
1/28
null | 6.77% Cap Rate

70 Pleasant Hill Rd
New Windsor Township, NY 12553


HIGHLIGHTS

  • Hybrid office and telecommunications infrastructure investment with diversified income streams
  • 100% occupied by established regional headquarters tenant and national wireless carriers including Verizon and T-Mobile
  • Strong in-place cash flow with projected 2026 NOI approaching $490,000 with Long Term Leases in place

OVERVIEW

Fully leased commercial investment opportunity in desirable Cornwall, NY adjacent and visible from I87/NYS Thruway. The Class A office building is 100% occupied by a long-term commercial tenant (Tectonic Engineering Headquarters) who leases the entire 3 story building through a NNN lease that runs thru October 31, 2029 with built in increases and a 5 year option to extend. Tenant reimburses the landlord for real estate taxes, insurance, and maintenance, creating a strong net-lease income structure. The tenant is also responsible for garbage service, building and septic maintenance, and lawn care/snow removal, resulting in minimal landlord responsibilities which are limited to roof, structure, parking lot and HVAC replacement (new HVAC currently being installed). Additional passive revenue is generated from two longterm rooftop cell tower leases with major telecommunications carriers, Verizon and TMobile, providing stable supplemental income with annual lease increases. The total reported net operated income for 2025 was $478,752 reflecting a cap rate of 6.6%. 2026 proforma NOI is $490,658 reflecting an increase to a 6.8% cap rate. Future annual rental projection documents and leases require a signed NDA. Recent capital improvements include a new HVAC system currently being installed by the landlord and a roof replacement completed two years ago, enhancing the property’s long-term reliability and minimizing deferred maintenance expense. Future expansion-Situated on a sizable parcel with potential for a 10000 sq ft building expansion subject to zoning approvals, the property offers future upside in addition to its existing income stream. A rare opportunity to acquire a stable, income-producing commercial asset with long-term tenancy and multiple revenue sources in a strong Hudson Valley market.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

6.77%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.9 AC

LAND SF

213,444 SF

ZONING

PCD

APN/PARCEL ID

334089-034-000-0001-005.100-0000

ASK ABOUT THIS PROPERTY

Jason McGovernKW CommercialMore Info
914-760-7331

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Jason McGovernKW CommercialMore Info
914-760-7331

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