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Leased Distribution Center
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38 Corporate Cir, Albany, NY 12203

Absolute net lease with annual escalations extends through June 2037.

Property SizeContact for details
Days on Market142

Property Features for 38 Corporate Cir

General Information

Standard status Active
Property subtype Industrial

Building Details

Tenancy Single
Listing Agency: Kelleher & Sadowsky Associates Inc
Listed By: James Cozza · License #MA 9516584
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 8:45PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kelleher & Sadowsky Associates Inc

Investment Insights

Based on property information with market context.

This distribution center at 38 Corporate Cir in Albany, New York is occupied under an absolute net lease. The current term runs through June 2037, with more than 13 years remaining, and includes annual escalations.

The property may be acquired together with the adjoining 42 Corporate Circle. Assumable financing is also available as part of the offering.

Key Highlights

  • Absolute net lease runs through June 2037
  • More than 13 years remain on the current lease term
  • Annual lease escalations are included

Property Analytics

Current Use

Record Town Inc (Bike/Boat/Book/etc) Store Trans World New ... Corporate Office 2428392, Inc. Corporate Office FYE Shipping Company DBU5 Amazon Warehouse & Storage

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Restaurant HVAC Service Hair Salon Building Supply

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

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

319
Businesses Nearby

Demographics for 12203, NY

28,210
Population
14,755
Households
1.9
Avg Household Size
38
Median Age
54%
College-Educated
95%
High-School Grad
10.4 sq mi
ZIP Area
2,713
Density / Sq Mi
$80,055
Median Household Income
$44,412
Median Earnings
$1,342
Median Rent
$258,800
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
Rey
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Frequently Asked Questions

What type of property is this?
Distribution center - Absolute net lease with annual escalations extends through June 2037.
Where is this distribution center located?
The property is located at 38 Corporate Cir Albany, NY.
What are key features of this property?
This property features: Absolute net lease runs through June 2037; More than 13 years remain on the current lease term; Annual lease escalations are included
(508) 841-6207 Call to check price and availability
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