500 Bailey Ave 205,000 SF Industrial Building Buffalo, NY 14210 For Sale

Colliers has been exclusively retained to market the fee simple sale of 500 Bailey Avenue; a fully leased, 205,000 SF, class A industrial facility. Strategically positioned along the I 190 corridor in Buffalo, New York, the asset features clear heights up to 44’6”, abundant loading, an ESFR sprinkler system, and 150+ on site parking spaces.
The property is currently NNN leased to Speed Global Services through June 2033 at a rental rate of $7.65 PSF, significantly below the average market rate of $10.00 PSF for comparable high-bay space. Speed Global Services is best-in-class logistics provider offering comprehensive freight services throughout the United States, Canada, and international markets. Founded in Buffalo in 1946, the company has operated continuously for over 79 years, ensuring long-term cash flow stability and minimal rollover risk. The Erie County modern warehouse fundamentals remain robust, with vacancy holding steady at 2.1% as of Q1 2026 with positive net absorption and limited new supply. While overall weighted average asking rents sit near $10.50 PSF, premium high-bay facilities like 500 Bailey command higher rates, reflecting ongoing tenant interest in quality space in a constrained pipeline. The region serves as a vital international freight gateway, handling over $88 billion in goods annually cross-border logistics demand.
The asset enjoys superior visibility and along I-190, Buffalo’s primary north-south thoroughfare. It is situated within a federal Opportunity Zone, offering significant tax-advantaged investment benefits, and provides immediate access to I-90, I-290, and the broader Buffalo-Niagara region – serving a population of over 1.2 million. Less than 10 minutes from Downtown Buffalo 500 Bailey’s proximity to major credit tenants and developments within a five-mile radius, include Tesla’s Gigafactory (employing 2,000+ people), Amazon’s new distribution center, Plug Power’s $679M facility, and Great Lakes Cheese’s $718M plant – all driving regional economic momentum.
500 Bailey Avenue represents a rare opportunity to acquire a stabilized, below-market leased industrial asset in a strengthening gateway market with excellent highway connectivity, long-term tenancy, and substantial value-creation potential through rent growth, and synergies with burgeoning clean energy and distribution hubs.