2544 Borough Pl 78,000 SF 100% Leased Industrial Building Woodside, NY 11377 For Sale

Jones Lang LaSalle (“JLL”) has been retained on an
exclusive basis to arrange the sale of 25-44 Borough Place
(the “Property”), a 60,000 square foot industrial facility
located in the highly coveted industrial pocket of Woodside,
Queens with immediate proximity to LaGuardia Airport.
The Property features 36,000 sq. ft. of open ground floor
warehouse space with ceiling heights ranging from 15 to
50 feet, 4 interior loading docks, 2 exterior loading docks,
all with trailer access. The building is further supported by
12,000 sq. ft. of second floor office space and 12,000 sq. ft. of
underground parking. Additionally, 25-44 benefits from an
easement with Amtrak for 9,162 sq. ft. along 50th Street. The
Property is 100% leased to Super-Tek Products, a subsidiary
of Sika Group, which carries investment grade credit (A-)
with approximately 6.7 years remaining on its lease through
November 2032. The ground floor is currently subleased to
Sylvan Cabinetry through November 2032 as well.
25-44 Borough Place is ideally situated in the dense, urban
industrial market of Woodside Queens, New York with
access to 2.5 million people within a 5-mile radius and
7.7 million people within a 10-mile radius. The Property is
located just 5 minutes from LaGuardia Airport, currently
undergoing an $8 billion renovation, and 5 minutes from
major roadways I-495, I-278, and Grand Central Parkway
providing immediate connectivity to New York City and the
greater Tri-State Region (20.3 million people)
With in-place income backed by an investment-grade-rated
tenant through 2032 and significant mark-to-market upside
at lease expiration, 25-44 Borough Place represents an
ideal blend of near-term income stability and longer-term
value creation in the tightly held Queens industrial corridor.