Ithaca Industrial for Sale
20 Bomax Drive represents a compelling opportunity to acquire a fully leased industrial investment in Ithaca, New York.
The property consists of a fully leased 73,825-square-foot industrial facility in Ithaca that was custom-built for TransAct Technologies Inc., which has occupied the asset since 1989. 20 Bomax Drive's layout is designed for operational flexibility, featuring 18,066 square feet of office space, 48,259 square feet of light manufacturing space, and 7,500 square feet of warehouse space, supported by four loading docks, 3-phase power, sprinklers, and 102 parking spaces. The triple net lease extends through May 31, 2031, and includes scheduled rent increases, providing dependable income growth from $480,265.50 to $520,164.48. With long-term tenancy, functional design, and a strategic location near key transportation routes, 20 Bomax Drive offers the durability of a purpose-built industrial asset with the accessibility that today’s users value.
Ithaca delivers a strong setting for industrial investment, backed by a mix of business activity, innovation, and convenient access. Located near Ithaca Tompkins International Airport and the Cornell Business & Technology Park, 20 Bomax Drive is well-positioned for a range of users, including light manufacturing, research-related operations, logistics, and support services. The area provides easy access to major travel routes and is part of an established business community influenced by Cornell University’s research and technology network. For investors, these qualities support long-term tenant demand, lasting relevance, and solid occupancy potential.
