For Lease
Property summary
This exceptional 143,000-square-foot Class A medical office building, located at 150 New Scotland Avenue in Albany, NY, 12208, presents a unique investment opportunity. The property features a state-of-the-art laboratory facility with BSL-2 and BSL-3 lab space, along with a vivarium, making it ideal for pharmaceutical, healthcare, and life science technology companies. The building offers multiple tenancy options with a minimum divisible space of 800 square feet and currently has 46,700 square feet of vacant space. Ample parking is provided with 300 spaces, including an adjacent parking garage. The building boasts advanced HVAC systems, including two rooftop plants with 95,000 cubic feet of air cooling, eight compressors with 100 tons of cooling/compression capacity, and two 7,500 MBH and two 5,500 MBH boilers for preheat and reheat. Lab air changes are capable of 4-12 per hour, with three strobic exhaust fans. Safety and security are paramount, with a sprinkler system, 100% wet duplex booster pumps, a 24-hour security access system, and an on-duty security guard. A pH neutralization system handles all lab waste, and an 800 kW emergency generator ensures uninterrupted operations. The property's prime location offers close proximity to the Albany Medical Cluster, including Albany Medical Center, St. Peter's Hospital, Albany College of Pharmacy & Health Sciences, Sage Colleges, and SUNY Albany.
Property profile
VerifiedCap rate & NOI
Current use
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General Contractor Renovation Specialist
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Research Institute
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Medical Laboratory
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Physician
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Medical Clinic
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
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Cap rate
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Property tax & assessments
Property description
Physical attributes from public recordsZoning & alternative use
CO · Albany, NYZoning
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Zoning designation
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- Basic report summary
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- Property Insight Report
- Value Estimation
- Cap Rate Calculation
- Location Intelligence
- Business Placement
- Ownership
- Zoning