Available For Sale - Office

54,549 SF | Show Pricing $

LISTED BY

Scott Warren CCIM
SVN | Innovative Commercial Advisors,

AVAILABILITY DETAILS

Size
54,549 SF
Price/SF
Show Pricing $
Listing ID
SA549609
Notes
OFFERED FOR SALE WITH A BRAND NEW 10 YEAR LEASE! DASNY which is an agency of NYS has just signed a new 10 year lease for $10.50/SF plus Utilities, Janitorial and certain expense reimbursements. The State of NY began occupying this space in 1989 and went through 3 stages of renovations. Over $3,000,000 in total was spent on renovations to custom build this space to meet the tenants needs. This is a solid cement and brick structure and is solid enough to be considered a fallout shelter. This building features 3 phase electric, updated Furnaces and air conditioning compressors complimented by high efficiency Mitsubishi units. A 3 year old Ballasted roof with 3 inches of styrofoam insulation. All of the rooms are firewalled and there is a 5,000 SF Gymnasium with 19' ceiling clearance. This is a beautifully secluded location in Vestal, NY near Apalachin. This location enjoys being next to a Town of Vestal park with soccer fields yet is only 2 blocks from New York State Route 434 with fast and easy Highway access. The lease is a modified net lease where the tenant pays expense increases above the base year. This is a beautiful redevelopment with an extremely solid tenant since 1989, The State of New York.
Uses
Office

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Scott Warren CCIM, SVN | Innovative Commercial Advisors