42 Corporate Cir, Albany, NY 12203-5121
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CM · Albany, NYAlbany. Always verify with local authorities before improvements.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.