780 Warren Rd Ithaca, NY 14850-1242
This exceptional investment opportunity presents a 275,100 square foot industrial campus situated on a sprawling 48-acre lot in Ithaca, New York. The property comprises two buildings: a 224,000 square foot manufacturing plant and a 51,100 square foot technical center/office space. Built in 1976 and 1984, these single-story structures boast a combination of manufacturing, warehouse, office, and R&D space, perfectly suited for a variety of uses. The property features nine loading docks with nine dock-high doors, and ample ceiling height ranging from 18 to 20 feet. The campus also offers extensive on-site parking accommodating 560 vehicles. All municipal services are readily available. Benefiting from a prime location adjacent to Cornell University's Business & Technology Park and the regional airport, this property enjoys convenient access to Cornell's main campus and is approximately 16 miles from Interstate 81. The asking price is $9,995,000, or $4,997,500 per unit. The seller may consider a leaseback option for the manufacturing plant and/or technical center for a period of 18-24 months. This property is zoned for commercial use.
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BorgWarner Incorporated Industrial Manufacturer Production Facility
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2019Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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