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Investment Highlights

  • New Long Term Lease with a Corporate Guaranty from Tesla, Inc. (NASDAQ: TSLA)
  • Brand New 2026 Construction on Large Lot with Ample Parking
  • Premier Capital Region Location - Diverse Regional Economy with Growing "Tech Valley" Hub
  • Annual Rent Increases
  • Excellent Visibility and Strong Frontage Along Central Avenue (43,405 ADT) with Convenient Access to I-87 & I-90
  • Population of 523,503 within 10 Miles and Average Household Income of $129,947 within a 3-Mile Radius

Executive Summary

Brand new Tesla Service Center located in Albany, New York. The property features a long-term lease with a corporate guaranty from Tesla, Inc. and serves as a mission-critical facility supporting the company’s growing footprint in New York’s Capital Region.
In Association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed New York Real Estate Broker #10991231395

Property Facts

Price $24,931,461 CAD
Price Per SF $831.10 CAD
Sale Type Investment NNN
Property Type
Flex
  • General Retail Auto Repair
  • General Retail Freestanding
  • Industrial Service
Construction Status Proposed
Rentable Building Area 29,998 SF
No. Stories 1
Year Built 2026
Tenancy Single
Parking Ratio 9.4/1,000 SF

Amenities

  • Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
012689-029-006-0001-001-000-0000
Land Assessment
$1,299,855 CAD
Improvements Assessment
$69,855 CAD
Total Assessment
$1,369,710 CAD
  • Listing ID: 40286985

  • Date on Market: 2026-04-24

  • Last Updated:

  • Address: 1979 Central Ave, Colonie, NY 12205

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