950 Danby Rd - Light Manufacturing FOR SALE


Ithaca, NY 14850- South Hill Ithaca
$20,750,000 USD
315-380-7322
950 Danby Rd, Ithaca, NY for Sale
$20,750,000 USD
Light Manufacturing - FOR SALE
1/19
null | 8% Cap Rate

950 Danby Rd
Ithaca, NY 14850
South Hill Ithaca


HIGHLIGHTS

  • + 212,192 rentable sq. ft. with ±95.5% occupancy (December 2025)
  • + Highly stabilized asset with a diverse mix of 154 tenants
  • + Surface parking with 1,200 spaces
  • Located adjacent to Ithaca College and just a short drive from downtown Ithaca and Cornell University

OVERVIEW

CBRE Upstate NY is the exclusive representative offering the opportunity to acquire 950 Danby Rd, Ithaca, NY 14850, a large scale multi-tenant commercial campus known as South Hill Business Campus (SHBC) that provides durable and diversified tenancy with long-term leasing flexibility in a supply-constrained market. The ±284,591 sq. ft. building (includes butler building and monitor storage) on ±56 acres is, as of the offering date, a 95.5% occupied property encompassing a mix of office, light industrial, laboratory, creative, and service-oriented spaces. With suites ranging in size from small studios to large floor plates, the mix allows for flexible layouts that accommodate a variety of business uses and tenant requirements. The property is located adjacent to Ithaca College and is just a short drive from downtown Ithaca (1 mi.) and Ithaca Tompkins Regional Airport (7.5 mi). Our team will accompany interested parties on property tours. All tours will must be requested through, and accompanied by, the CBRE Upstate NY listing team and require a minimum 48 hours advance notice and are subject to schedule availability.

FOR SALE DETAILS

PRICE

$20,750,000 USD

PRICE/SF

$73 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

South Hill Business Campus

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1957

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

10

DRIVE INS

-

PARKING SPACES

385

LAND DETAILS

LAND ACRES

57

LAND SF

2,482,920

ZONING

Ind

APN/PARCEL ID

503089-039-000-0001-001-001-0000,503089-039-000-0001-001-022-0000

ASK ABOUT THIS PROPERTY

Mark RupprechtCBRE Upstate NYMore Info
315-380-7322

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Mark RupprechtCBRE Upstate NYMore Info
315-380-7322

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