20 Bomax Drive
$6,450,000
20 Bomax Dr, Ithaca, NY 14850
73,825 sqft
Building Size
7.54 acres
Lot Area
Details:
Highlights:
- Fully leased to TransAct Technologies, Inc.
- Tenant in place since 1989.
- 73,825 SF purpose-built industrial facility.
- Located in Ithaca near the Cornell Business and Technology Park and adjacent to Ithaca Tompkins International Airport. Minutes from Cornell University and Ithaca College.
- Includes 18,066 SF office, 48,259 SF manufacturing, and 7,500 SF warehouse. Features four loading docks, 3-phase power, sprinklers, and municipal utilities.
- 102 parking spaces with ample loading and circulation.
- Triple net lease with scheduled increases.
Description:
Offered for sale is a fully leased 73,825 SF industrial facility in Ithaca, custom built for TransAct Technologies, Inc., the current tenant since 1989. The property is located near the Cornell Business and Technology Park and adjacent to Ithaca Tompkins International Airport, with convenient access to regional routes and major institutions including Cornell University and Ithaca College.
The building includes 18,066 SF of office space, 48,259 SF of light manufacturing, and 7,500 SF of warehouse, with four loading docks, 3-phase power, sprinklers, and 102 parking spaces. The triple net lease runs through May 31, 2031 with scheduled increases, providing stable income from $480,265.50 to $520,164.48.
This is a rare opportunity to acquire a purpose-built industrial asset with long-term tenancy in a premier Ithaca location.
Located in one of Ithaca’s most established industrial corridors, the property sits just off the entrance to the Cornell Business and Technology Park and adjacent to Ithaca Tompkins International Airport. This position provides efficient access to regional and national transportation routes while placing the asset within a concentrated hub of technology, manufacturing, and research activity.
The Cornell Business and Technology Park serves as a key economic driver for the region, supporting a mix of office, laboratory, and industrial users. Its proximity to Cornell University strengthens the connection between academic research and private enterprise, contributing to a stable and innovation-focused tenant base.
The property is also minutes from Ithaca College and the broader Ithaca market, offering access to a skilled workforce, established amenities, and the surrounding Finger Lakes region. This combination of accessibility, institutional proximity, and business park infrastructure supports long-term tenant demand and operational efficiency.
Wet System
Documents:
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| 20 Bomax Drive - Offering Memorandum 4.2026 |
Location
Gallery
