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25-44 Borough Place 2544 Borough Pl 60,000 SF Industrial Building Woodside, NY 11377 $28,424,599 CAD ($473.74 CAD/SF) 7% Cap Rate
Executive Summary
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.
Property Facts
| Price | $28,424,599 CAD | Lot Size | 0.68 AC |
| Price Per SF | $473.74 CAD | Rentable Building Area | 60,000 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 7% | Year Built | 1955 |
| Property Type | Industrial | No. Dock-High Doors/Loading | 6 |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | A | ||
| Zoning | M1-1 | ||
| Price | $28,424,599 CAD |
| Price Per SF | $473.74 CAD |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | A |
| Lot Size | 0.68 AC |
| Rentable Building Area | 60,000 SF |
| No. Stories | 2 |
| Year Built | 1955 |
| No. Dock-High Doors/Loading | 6 |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | M1-1 |
Amenities
- Property Manager on Site
Utilities
- Water
- Sewer
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01017-0065 | Improvements Assessment | $3,311,150 CAD |
| Land Assessment | $628,254 CAD | Total Assessment | $3,939,404 CAD |
Property Taxes
Parcel Number
01017-0065
Land Assessment
$628,254 CAD
Improvements Assessment
$3,311,150 CAD
Total Assessment
$3,939,404 CAD
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25-44 Borough Place | 2544 Borough Pl
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