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SUNY Upstate Warehouse 1011 Erie Blvd E 72,384 SF 100% Leased Industrial Building Syracuse, NY 13210 $7,550,687 CAD ($104.31 CAD/SF) 7.86% Cap Rate
Investment Highlights
- The State University of NY assumed occupancy 1985.
Executive Summary
Introducing an exceptional investment opportunity - SUNY UPSTATE MEDICAL RECORD STORAGE located at 1101 East Water St, Syracuse, NY 13210. This prime property boasts a long-standing tenant, the State University of NY, occupying the 72,384 +/- SF warehouse space since 1985. Positioned strategically with easy access to Interstates 690 & 81 mere minutes away, and key establishments like Upstate Hospital and Syracuse University just 1 mile from the site, this property offers both convenience and potential for growth. The building was newly renovated in 2020, further enhancing its appeal and value. Surrounded by a thriving community, the property benefits from a robust demographic profile, with a projected population increase and solid median household incomes within 2, 5, and 10-mile radius. Take advantage of this rare offering with high traffic counts ensuring visibility and accessibility. Contact us now for more details and secure a profitable venture with this outstanding property in Syracuse.
Property Facts
| Price | $7,550,687 CAD | Lot Size | 0.80 AC |
| Price Per SF | $104.31 CAD | Rentable Building Area | 72,384 SF |
| Sale Type | Investment | No. Stories | 3 |
| Cap Rate | 7.86% | Year Built | 1950 |
| Sale Condition | 1031 Exchange | Parking Ratio | 0.5/1,000 SF |
| Property Type | Industrial | No. Dock-High Doors/Loading | 3 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Zoning | 022 - Industrial | ||
| Price | $7,550,687 CAD |
| Price Per SF | $104.31 CAD |
| Sale Type | Investment |
| Cap Rate | 7.86% |
| Sale Condition | 1031 Exchange |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.80 AC |
| Rentable Building Area | 72,384 SF |
| No. Stories | 3 |
| Year Built | 1950 |
| Parking Ratio | 0.5/1,000 SF |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
| Zoning | 022 - Industrial |
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- State University of NY Upstate Medical
- Health Care and Social Assistance
- 72,382 SF
- -
- Triple Net
- Jul 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| State University of NY Upstate Medical | Health Care and Social Assistance | 72,382 SF | - | Triple Net | Jul 2030 |
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 311500-030-000-0012-002-000-0000 | Improvements Assessment | $1,567,381 CAD |
| Land Assessment | $885,911 CAD | Total Assessment | $2,453,292 CAD |
Property Taxes
Parcel Number
311500-030-000-0012-002-000-0000
Land Assessment
$885,911 CAD
Improvements Assessment
$1,567,381 CAD
Total Assessment
$2,453,292 CAD
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SUNY Upstate Warehouse | 1011 Erie Blvd E
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