42 Corporate Cir Albany, NY 12203-5121

Property Details for 42 Corporate Cir

Lot size

3.83 lot acres

Zone code

CM

Property type

Parking lots & garages

APN

010100 41.00-2-60.2

APU

1010041002602

Description

This exceptional 75,000-square-foot industrial distribution center in Albany, New York, presents a compelling investment opportunity. Situated on a 3.83-acre lot at 42 Corporate Circle, this light industrially zoned property boasts a modern design and high-quality construction. The building features a substantial 36-foot clear ceiling height, providing ample vertical storage space, and is equipped with eight loading docks for efficient material handling. Ample parking is available with 84 spaces. The property is currently under a long-term, absolute net lease with over 15 years remaining until 2039, offering predictable cash flow and built-in annual rent escalations. This single-tenant investment opportunity is further enhanced by the possibility of assumable financing. The property is conveniently located approximately 14 miles from Interstate 90, providing easy access to major transportation arteries. An adjacent property, 38 Corporate Circle, is also available for purchase, offering potential for portfolio expansion. This well-maintained building represents a stable and attractive investment in the thriving Albany industrial market. The property's size, location, and lease terms make it an ideal acquisition for investors seeking long-term, secure income generation.