Listing Agency: CBRE | Albany J***@cbre-albany.com Show Phone

Listed By: John MacAffer · License #Associate Real Estate Broker Show Phone

Source: Cbre

Added: Mar 25 Changed: Aug 16 Last Checked: Aug 19 at 5:02AM

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Investment Insights

Based on property information with market context.

Key Highlights

• Convenient location less than 1 mile from Exit 6 off I‑87 (Adirondack Northway).
• Flexible space with ±1,638 SF of office and ±1,317 SF of heated warehouse space.
• 18’ Clear height in warehouse/storage space.**

Property Analytics

Property Profile

Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency HVAC Service Auto Parts Store Storage Facility Parking Lot & Garage Veterinary Clinic

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

NNN (Triple Net)

Lease Type

$1.80 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

756

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 12110, NY

19,682

Population

8,269

Households

2.4

Avg Household Size

44

Median Age

46%

College-Educated

93%

High-School Grad

14.3 sq mi

ZIP Area

1,376

Density / Sq Mi

$101,839

Median Household Income

$53,658

Median Earnings

$1,431

Median Rent

$306,100

Median Home Value

Market

Lease Benchmarks for Latham, NY

$11.41 /SF/Yr

Avg Asking Price

$5.95–$17 /SF/Yr

Price Range

19,356 SF

Avg Space Size

This space is priced 5% above the average of $11.41 /SF/Yr.

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

Questions? Ask Rey

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Frequently Asked Questions

Where is this flex space located?

The property is located at 7 Avis Drive Latham, NY.

What is the lease rate?

The lease rate is $12 SF/Yr.

What are key features of this property?

This property features: Convenient location less than 1 mile from Exit 6 off I‑87 (Adirondack Northway).; Flexible space with **±1,638 SF of office and ±1,317 SF of heated warehouse space.**; 18’ Clear height in warehouse/storage space.**