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1666 Route 9W 67,500 SF Industrial Building Milton, NY 12547 $19,482,400 CAD ($288.63 CAD/SF) 7.71% Cap Rate
INVESTMENT HIGHLIGHTS
- 2023 CONSTRUCTION - Property consists of two facilities. 40,000 SF fully frozen building was added in 2023 to original 27,500 SF building.
- LONG TERM ABSOLUTE NNN LEASE - Tenant is responsible for taxes, insurance, CAM, and facility improvements.
- CENTRAL LOCATION FOR 3PL AND DISTRIBUTION - Positioned minutes from The NYS Thruway and I-84
- FOUR DECADES OF EXPERIENCE - Operating out of this location since the late 1970s
- TEMPERATURE CONTROLLED STORAGE - Karr has the ability to service both refrigerated and frozen temperatures
PROPERTY FACTS
| Price | $19,482,400 CAD | Rentable Building Area | 67,500 SF |
| Price Per SF | $288.63 CAD | No. Stories | 1 |
| Sale Type | Investment | Year Built | 2023 |
| Cap Rate | 7.71% | Tenancy | Single |
| Sale Condition | Sale Leaseback | Parking Ratio | 0.07/1,000 SF |
| Property Type | Industrial | Clear Ceiling Height | 35’ |
| Property Subtype | Refrigeration/Cold Storage | No. Dock-High Doors/Loading | 10 |
| Building Class | B | No. Drive In / Grade-Level Doors | 2 |
| Lot Size | 4.94 AC | ||
| Zoning | RAG1 - Stockyard/Storage/Cold Storage | ||
| Price | $19,482,400 CAD |
| Price Per SF | $288.63 CAD |
| Sale Type | Investment |
| Cap Rate | 7.71% |
| Sale Condition | Sale Leaseback |
| Property Type | Industrial |
| Property Subtype | Refrigeration/Cold Storage |
| Building Class | B |
| Lot Size | 4.94 AC |
| Rentable Building Area | 67,500 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Tenancy | Single |
| Parking Ratio | 0.07/1,000 SF |
| Clear Ceiling Height | 35’ |
| No. Dock-High Doors/Loading | 10 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | RAG1 - Stockyard/Storage/Cold Storage |
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Transportation and Warehousing
- -
- -
- -
À la fin des années 1970, un petit entrepôt frigorifique appelé Conn Freezer Warehouse ouvre ses portes dans la basse vallée de l'Hudson, au service des clients qui souhaitent entreposer leurs denrées périssables congelées à une courte distance en voiture de New York. Les décennies qui ont suivi ont vu de nombreux progrès technologiques, mais la nécessité de conserver de grandes quantités d'aliments congelés n'a jamais diminué, de même que l'engagement de Conn à servir les entreprises, grandes et petites, avec dévouement. L'entreprise sera par la suite rebaptisée Karr Cold Storage et son propriétaire s'est donné pour mission de convenir au monde manufacturier moderne. La demande d'entreposage frigorifique étant de plus en plus forte, Karr a ajouté plus de 100 000 pieds cubes d'espace de congélation, ce qui a permis à Karr de s'adapter davantage à son nombre croissant de partenaires alimentaires dans divers secteurs industriels.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Transportation and Warehousing | - | - | - |
PROPERTY TAXES
| Parcel Number | 3600-103.003-0003-068.000-0000 | Improvements Assessment | $7,679,643 CAD |
| Land Assessment | $254,872 CAD | Total Assessment | $7,934,516 CAD |
PROPERTY TAXES
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1666 Route 9W
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