100% NNN Leased Industrial

Highlights:

• 100% occupied industrial opportunity with in-place NNN leases.
• With a spacious 4.27-acre lot and a 117,700-square-foot industrial building, there's ample room for growth and expansion.
• Zoned for General Industrial use, this property provides a versatile space suitable for a range of industrial and commercial endeavors.
• Close to Downtown Schenectady and seven minutes from Interstate 90, providing convenience for businesses and customers.
• Property boasts two drive-ins, 24 docks doors, and a clear height of 16', perfectly suited for general industrial activities.

Description:

705 Corporation Park, Schenectady, New York, is a 117,700-square-foot industrial facility located in the Glenville Business and Technology Park. Originally built in 1943, the building offers 16-foot ceiling clearance, 20-foot by 20-foot column spacing, multiple dock doors, and a roof installed in 2019 with a 20-year warranty. The property is zoned for industrial use, making it ideal for logistics, manufacturing, or distribution operations. There is a configurable outdoor space for parking and fleet vehicles, giving growth options to multiple long-term tenants. The asset is presently 100% occupied by tenants, all on NNN leases. Tenants include: Shipmates/Printmates Holding Corp., Rochester Computer Recycling & Recovery, and Fedrigoni Special Papers NA. All the leases are staggered, with two and four years remaining, mitigating landlord risk. The business park hosts a variety of companies, including Velocity Print Solutions, Old Dominion Freight Line, Adirondack Bottling, International Paper, Codino’s Foods, Belgioioso Cheese, EWaste, and the US Department of Defense. Notably, Velocity Print Solutions operates its corporate headquarters at this location, specializing in print-on-demand and direct mail services.

Schenectady is the premier place for a business located in the Albany Market. With easy access to a major highway artery, the area is strategically situated 30 minutes from Albany International Airport and less than 2 miles off of Interstates 890 and 90. Buyers have the opportunity to expand their property portfolio into the Albany Market, which has seen a surge in demand in recent years. Many large companies have a noteworthy presence in Schenectady. GE Vernova, TrustCo Bank, Transfinder, Mohawk Ambulance Service, Rivers Casino & Resort, and many more call this place home. Several noteworthy places are within a quick drive of the asset, such as Schenectady County Airport – SCH, Union College, and Downtown Schenectady. The asset is also within minutes of retailers, dining, and conveniences. Ranging from local establishments to national retailers, this town has it all. Walmart Supercenter, Subway, several hotels, and more are nearby.

705 Business Boulevard is the ideal destination for investors seeking a value-add investment with stability in the near term.

Property tours are available by appointment only. Please contact the listing broker to schedule.

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