Listing Agency: Northmarq Capital, LLC

Listed By: Anthony Cohen · License #CA 02097395

Source: Crexi

Added: Apr 12 Changed: Aug 29 Last Checked: Sep 1 at 1:24AM

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Investment Insights

Based on property information with market context.

Frazer & Jones Co. is a manufacturing property associated with ductile and malleable metal foundry operations. The business has operated in Syracuse, New York, for more than 150 years and produces over 90 million castings annually.

Located at 3000 Milton Ave in Solvay, NY, within the Syracuse MSA, the property is near I-690 and I-81, providing access to regional road networks. The transaction is structured as a sale-leaseback, with Frazer & Jones expected to enter into a new 20-year absolute triple-net lease at closing.

Key Highlights

• Sale‑leaseback structure with a planned 20‑year absolute NNN lease
• Manufacturing property associated with ductile and malleable foundry operations
• Frazer & Jones Co. has operated in Syracuse, New York, for over 150 years

Property Analytics

Property Profile

Current Use

Frazer & Jones Co Industrial Manufacturer

Suggested Use

Top Pick Building Supply Real Estate Agency Law Firm Big Box & Wholesale Store Dental Office HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

202

Businesses Nearby

Explore this area Business Placement

Demographics for 13209, NY

13,018

Population

6,374

Households

2

Avg Household Size

43

Median Age

29%

College-Educated

92%

High-School Grad

13.1 sq mi

ZIP Area

994

Density / Sq Mi

$67,307

Median Household Income

$44,812

Median Earnings

$968

Median Rent

$146,200

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Manufacturing property - Sale-leaseback facility with a planned 20-year absolute NNN lease and regional highway access.

Where is this manufacturing property located?

The property is located at 3000 Milton Ave Solvay, NY.

What are key features of this property?

This property features: Sale‑leaseback structure with a planned 20‑year absolute NNN lease; Manufacturing property associated with ductile and malleable foundry operations; Frazer & Jones Co. has operated in Syracuse, New York, for over 150 years