Franklin Industrial Center 552-558 S Fulton Ave 60,000 SF 100% Leased Industrial Building Mount Vernon, NY 10550 $17,612,640 CAD ($293.54 CAD/SF)

545 Franklin Avenue is a fully leased ±60,000 SF industrial investment property located on the Westchester–Bronx border, strategically positioned within one of the New York City region’s key last-mile distribution corridors with immediate access to I-95.
The property is 100% leased to four established industrial tenants, providing stable in-place income and consistent cash flow. All tenants have long-term leases with approximately 5–10 years of remaining term, including annual rent increases, market-based escalations, and operating expense pass-throughs, creating a predictable investment-grade income profile with no lease-up risk.
The building features on-grade loading on both levels, high clear ceiling heights, heavy power, and a full sprinkler system, supporting a wide range of warehouse, logistics, distribution, contractor, and light industrial uses.
An additional ±13,500 SF of paved outdoor storage provides valuable industrial outdoor storage (IOS), fleet parking, contractor yard space, and equipment storage, a highly sought-after feature in the supply-constrained Westchester / Bronx industrial submarket.
Located within a dense last-mile logistics market serving New York City, Westchester County, and the Bronx, the property benefits from limited industrial supply, strong tenant demand, and excellent highway connectivity.
545 Franklin Avenue represents a rare opportunity to acquire a fully stabilized industrial investment property with long-term tenants, contractual rent growth, and strong fundamentals in a high-barrier-to-entry infill market.
Detailed rent roll, lease terms, income, and expense information available upon request through Shay Property Group.