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22 IBM Rd
Poughkeepsie, NY 12601
Mid-Hudson Professional · Office Property For Sale
Investment Highlights
- Recent/ Total Renovation
- Significant Upside Potential
- 100% Occupancy
Executive Summary
Experience the Newly Renovated "Mid Hudson Professional" complex. Months of planning has resulted in a completely revitalized professional office environment. Re-construction was completed in Fall 2019 and includes a new roof, new heating and cooling systems, New energy efficient windows, upgraded bathrooms, new floors, paint, New store-front entrances, New signage, LED lighting, security cameras, New facade, landscaping, and a large / free parking lot. The tenant mix is diverse but at complimentary high levels of professional services. WE ARE NOW 100% OCCUPIED! The location is fantastic, just seconds from busy Route 9 and many nearby amenities.
Solid infrastructure, strong NOI, fully leased, and plenty of private off street parking. See Brochure and contact listing broker for more information. Great 1031 candidate.
Pro forma NOI: $675,000 (Increase 25% pro forma) - 7.94%
Solid infrastructure, strong NOI, fully leased, and plenty of private off street parking. See Brochure and contact listing broker for more information. Great 1031 candidate.
Pro forma NOI: $675,000 (Increase 25% pro forma) - 7.94%
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
45,000 SF
Building Class
C
Year Built
1978
Price
$11,234,133 CAD
Price Per SF
$249.65 CAD
Cap Rate
7.05%
NOI
$791,937 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
22,500 SF
Slab To Slab
10’
Building FAR
0.33
Lot Size
3.10 AC
Zoning
BN - Neighborhood Business: Essential Services
Parking
200 Spaces (4.44 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Banking
- Fenced Lot
- Security System
- Signage
- Monument Signage
- Air Conditioning
- Balcony
Property Taxes
| Parcel Number | 134689-6060-04-933150-0000 | Improvements Assessment | $1,939,154 CAD |
| Land Assessment | $891,941 CAD | Total Assessment | $2,831,095 CAD |
Property Taxes
Parcel Number
134689-6060-04-933150-0000
Land Assessment
$891,941 CAD
Improvements Assessment
$1,939,154 CAD
Total Assessment
$2,831,095 CAD
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