Albany Warehouse Space for
For Lease
$6.25 SF/Yr
45 Prospect Avenue, Albany, NY 12206
Up to 50,000 SF warehouse space available for lease.
Space SizeContact for details
Days on Market149
Property Features for 45 Prospect Avenue
General Information
Standard status
Active
Property subtype
Industrial
Listing Agency:
CBRE | Albany
(518) 365-0990
Listed By:
Dan Simpson · License #Associate Real Estate Broker
(518) 365-0990
Source:
Cbre
Added: Mar 25
Changed: Jul 6
Last Checked: Aug 19 at 5:18AM
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 CBRE | Albany
Investment Insights
Based on property information with market context.
Available for lease is up to approximately 50,000 square feet of warehouse space within a larger approximately 135,000 square foot building situated in the City of Albany‘s West Albany Industrial Park. The current build-out includes approximately 4,000 square feet of office space, with a total of approximately 6,000 SF of well-appointed office space including meeting and conference rooms, production areas, and private offices. The building features ceiling heights ranging from approximately 16 to 22 feet and is equipped with a dry sprinkler system for fire suppression. Power is supplied by a 1,200 amp/3 phase electrical system. Docking facilities include a total of 8 docks; 5 docks are located on the south side, all equipped with hydraulic levelers, and 3 docks are on the north side. The property is located on the northeast corner of Prospect Avenue and Manning Boulevard, offering convenient access to transportation routes. I-90 Exit 5 (Everett Road) is located approximately 3/4 mile northwest of the site, and Route 5 (Central Avenue) is approximately 1/2 mile south of the building. Other tenants include Autoparts International, Bimbo Bakeries USA, and Harold Levinson Assoc.
Key Highlights
- Up to ±150,000 SF of warehouse space available
- Convenient access to I‑90 (Exit 5) and Route 5
- 1,200 amp/3 phase power
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$0.94 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
933
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 12206, NY
17,219
Population
8,641
Households
2
Avg Household Size
32
Median Age
26%
College-Educated
84%
High-School Grad
2.1 sq mi
ZIP Area
8,200
Density / Sq Mi
$38,931
Median Household Income
$28,087
Median Earnings
$1,189
Median Rent
$162,300
Median Home Value
Market
Lease Benchmarks for Albany, NY
$8.44 /SF/Yr
Avg Asking Price
$3.67–$15.83 /SF/Yr
Price Range
32,944 SF
Avg Space Size
This space is priced 26% below the average of $8.44 /SF/Yr.
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Up to 50,000 SF warehouse space available for lease.
Where is this warehouse located?
The property is located at 45 Prospect Avenue Albany, NY.
What is the lease rate?
The lease rate is $6.25 SF/Yr.
What are key features of this property?
This property features: Up to ±150,000 SF of warehouse space available; Convenient access to I‑90 (Exit 5) and Route 5; 1,200 amp/3 phase power
