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    OFF-MARKET
    Parking lots & garages

    42 Corporate Cir, Albany, NY 12203-5121

    3.83 ac lot
    Entity Owned Free & Clear
    Property ID
    US63-5217243
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Parking lots & garages
    Use group PARKING LOT
    Lot 3.83 ac (166,835 SF)
    Zoning code CM
    APN 010100 41.00-2-60.2
    UPID US63-5217243
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    Blend (final) Blend
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    Owner & transaction history
    INDUSPADTHE AWAKENING LLC
    INDUSPADTHE AWAKENING LLC
    Zoning & alternative use
    CM · Albany, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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