839 Rt-13 - Warehouse FOR SALE


Cortland, NY 13045
$10,950,000 USD
508-625-2227
839 Rt-13, Cortland, NY for Sale
$10,950,000 USD
Warehouse - FOR SALE
1/30
null | Request Cap Rate

839 Rt-13
Cortland, NY 13045


OVERVIEW

Cortland Commerce Center is a 420,200 SF multi tenant industrial center on RT 13 in Cortland NY. The complex is 50% occupied by a myriad of industrial, warehousing and office users. Current leases produce significant cash flow and the upside potential through lease up is monumental even at below market rates. The price per SF at ask is merely $26.00 per sq foot which is a tremendous deal. Plenty of loading docks, drive-ins and fenced in yard make this a versatile and highly desirable space. The central NY location just 30 miles from Syracuse and the new Micron development provide great upside. The property provides easy access to Ithaca as well as I-81 to which you can serve much of the Northeast. 20 Acres of industrial development land that sits adjacent can also be purchased with the 31 Acres that this property sits on. Financials, lease abstracts and rent rolls will be provided to vetted parties that sign an NDA. Please reach out for additional information. ( Nick Slottje - 617-939-6609)

FOR SALE DETAILS

PRICE

$10,950,000 USD

PRICE/SF

$26 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Cortland Commerce Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

UTILITIES

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

CLEAR CEILING HT

18 Ft

DOCKS

14

DRIVE INS

3

PARKING SPACES

200

LAND DETAILS

LAND ACRES

31

LAND SF

1,350,360

ZONING

I-2

APN/PARCEL ID

112289 95.00-10-01.110

ASK ABOUT THIS PROPERTY

J. Nicholas SlottjeCharlesbank Realty GroupMore Info
508-625-2227

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J. Nicholas SlottjeCharlesbank Realty GroupMore Info
508-625-2227

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