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20 Bomax Dr 73,825 SF Industrial Building Ithaca, NY 14850 $8,923,898 CAD ($120.88 CAD/SF) 7.45% Cap Rate
Investment Highlights
- Fully Leased Investment Opportunity – 100% occupied by TransAct Technologies, Inc. (NASDAQ-listed tenant
- Institutional-Quality Asset – 73,825 SF purpose-built industrial facility.
- Premier Business Park Setting – Just off the entrance to Cornell Business and Technology Park.
- Long-Term Occupancy – Tenant in place since 1989, demonstrating long-term commitment and operational stability.
- Diverse Building Configuration – 18,066 SF Class A office | 48,259 SF light manufacturing | 7,500 SF high-bay warehouse.
Executive Summary
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.
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.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $8,923,898 CAD | Rentable Building Area | 73,825 SF |
| Price Per SF | $120.88 CAD | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1989 |
| Cap Rate | 7.45% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.38/1,000 SF |
| Property Subtype | Manufacturing | No. Dock-High Doors/Loading | 3 |
| Building Class | B | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 7.54 AC | ||
| Zoning | Commercial | ||
| Price | $8,923,898 CAD |
| Price Per SF | $120.88 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 7.45% |
| Property Type | Industrial |
| Property Subtype | Manufacturing |
| Building Class | B |
| Lot Size | 7.54 AC |
| Rentable Building Area | 73,825 SF |
| No. Stories | 1 |
| Year Built | 1989 |
| Tenancy | Single |
| Parking Ratio | 1.38/1,000 SF |
| No. Dock-High Doors/Loading | 3 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Commercial |
Amenities
- Air Conditioning
Utilities
- Lighting
- Water
- Sewer
- Heating
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Demographics
Regional Accessibility
City
Population
Miles
Drive Time
Philadelphia
1,584,138
233
4 h 46 m
New York
8,398,748
239
5 h 6 m
Washington
702,455
328
7 h 7 m
Boston
694,583
338
6 h 59 m
Detroit
672,662
424
8 h 40 m
Columbus
892,533
467
9 h 0 m
Access and Labor Force
10 Miles
Total Population
95,016
Total Labor Force
46,946
Unemployment Rate
3.24%
Median Household Income
$68,932
Warehouse Employees
3,437
High School Education Or Higher
95.80%
$ values in USD
Property Taxes
| Parcel Number | 503201-045-001-0001-051-013-0000 | Improvements Assessment | $6,539,893 CAD |
| Land Assessment | $1,038,997 CAD | Total Assessment | $7,578,890 CAD |
Property Taxes
Parcel Number
503201-045-001-0001-051-013-0000
Land Assessment
$1,038,997 CAD
Improvements Assessment
$6,539,893 CAD
Total Assessment
$7,578,890 CAD
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20 Bomax Dr
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