100-200 Westinghouse Cir Horseheads, NY 14845

This 860,000 SF industrial facility is strategically located in Horseheads, NY. The property is anchored by Southern Tier Logistics (66% of GLA) and Eaton Corporation (21% of GLA). Eaton Corporation has been a tenant for over 45 years. Both tenants recently renewed for 7 years, with STL expanding by 70,000 SF. Situated on 59 acres with direct I-86 frontage, the asset provides connectivity across the Northeast corridor. The property has had $3.1M in recent capital improvements and additional development upside on 8.5 acres of excess land. Ownership has deployed $3.1M in improvements, including new roofs, dock packages, LED lighting, and parking lot upgrades. Eaton recently installed 2 new 65-ton closed loop chillers that serve the office portion of the building and is scheduled to replace 2 Outside Circuit Breakers (OCB’s) and the associated switchgear components that serve their space in Oct-2026, with an anticipated project cost of $1.5M. In addition to below-market in-place rents, two developable parcels (1.5 and 7.5 acres) offer expansion or disposition potential. The facility boasts 1,800 ft of direct I-86 frontage, linking Buffalo, Rochester, Syracuse, and NYC, with access to over 6.7M consumers within a 3-hour drive and 22M consumers within a 4-hour drive. The Elmira/Corning submarket features 4.0% industrial vacancy and 40%+ rent growth since 2019.