NNN STNL | Broad Zoning | 3420 Maple Ave
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NNN STNL | Broad Zoning 3420 Maple Ave
15,834 SF 100% Leased Industrial Building Online Auction Sale Pulaski, NY 13142
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Investment Highlights
- Single-tenant NNN industrial/warehouse with one year remaining on term and broad zoning, allowing optionality for buyers.
- Leased to a air purification products manufacturer, HealthWay, which has historical on-site occupancy and over $200,000 of net income.
- Surrounded by a plethora of retailers and conveniences, including Dollar General, USPS, Dunkin’, Dollar Tree, McDonald’s, and more.
- Prime location between Route 11 and I-81, connecting to Syracuse and beyond, and 10 minutes to Lake Ontario.
- Located 30 miles north of the proposed Micron plant and across from the Salmon River, a world-renowned fishing destination.
Executive Summary
3420 Maple Avenue is the ideal industrial/warehouse investment in the village of Pulaski.
Built in 1900 and renovated in the early 2010s, this space has high-end buildouts. The property includes beautifully appointed, upscale offices and manufacturing space. Plenty of outdoor space is available on 1.44 acres with 45 parking spaces. The two-story, 15,834-square-foot brick building is currently home to HealthWay, a manufacturer of revolutionary air purification solutions that clean the air by trapping ultrafine particles and killing viruses and bacteria. With nine years of historical occupancy at the asset, this manufacturer has shown its dedication to the site. HealthWay is presently on a triple net lease with one year remaining. This allows new ownership to negotiate a renewal at this location for a hands-off, income-producing tenant. Alternatively, buyers can take advantage of the generous B-1 zoning and use the space for their own business or lease it out. B-1 zoning allows for many future uses, allowing a totally new vision to come to life.
The Oswego County Industrial Submarket contains roughly 8.6 million square feet of inventory and is an excellent place for new businesses to enter. The submarket has approximately 4.4 million square feet of logistics inventory, 200,000 square feet of flex inventory, and 4.0 million square feet of specialized inventory. Rents have changed by 5.6% year-over-year in Oswego County, compared to 4.2% market-wide. Market rents have changed by 7.7% in logistics buildings year over year, 2.9% in flex buildings, and 3.5% in specialized buildings.
3420 Maple Avenue is positioned strategically in Pulaski. Perched just off of Jefferson Street (Route 11), the industrial warehouse is nearby. The Salmon River is right down the road, which is a major fishing destination and also provides excellent potential for multifamily or hospitality redevelopment. Interstate 81, which connects to Syracuse, the Canada border, and beyond, is also nearby. Lake Ontario is just 10 minutes west. Nearby retailers, amenities, and conveniences include Dunkin’, Aldi, Dollar Tree, RiverHouse Restaurant, NBT Bank, Dollar General, Tractor Supply Co, McDonald’s, and more.
Discover 3420 Maple Avenue, a prime investment opportunity with plentiful optionality.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Built in 1900 and renovated in the early 2010s, this space has high-end buildouts. The property includes beautifully appointed, upscale offices and manufacturing space. Plenty of outdoor space is available on 1.44 acres with 45 parking spaces. The two-story, 15,834-square-foot brick building is currently home to HealthWay, a manufacturer of revolutionary air purification solutions that clean the air by trapping ultrafine particles and killing viruses and bacteria. With nine years of historical occupancy at the asset, this manufacturer has shown its dedication to the site. HealthWay is presently on a triple net lease with one year remaining. This allows new ownership to negotiate a renewal at this location for a hands-off, income-producing tenant. Alternatively, buyers can take advantage of the generous B-1 zoning and use the space for their own business or lease it out. B-1 zoning allows for many future uses, allowing a totally new vision to come to life.
The Oswego County Industrial Submarket contains roughly 8.6 million square feet of inventory and is an excellent place for new businesses to enter. The submarket has approximately 4.4 million square feet of logistics inventory, 200,000 square feet of flex inventory, and 4.0 million square feet of specialized inventory. Rents have changed by 5.6% year-over-year in Oswego County, compared to 4.2% market-wide. Market rents have changed by 7.7% in logistics buildings year over year, 2.9% in flex buildings, and 3.5% in specialized buildings.
3420 Maple Avenue is positioned strategically in Pulaski. Perched just off of Jefferson Street (Route 11), the industrial warehouse is nearby. The Salmon River is right down the road, which is a major fishing destination and also provides excellent potential for multifamily or hospitality redevelopment. Interstate 81, which connects to Syracuse, the Canada border, and beyond, is also nearby. Lake Ontario is just 10 minutes west. Nearby retailers, amenities, and conveniences include Dunkin’, Aldi, Dollar Tree, RiverHouse Restaurant, NBT Bank, Dollar General, Tractor Supply Co, McDonald’s, and more.
Discover 3420 Maple Avenue, a prime investment opportunity with plentiful optionality.
Property tours are available by appointment only. Please contact the listing broker to schedule.
Data Room Click Here to Access
- Operating and Financials
- Purchase Agreement
- Third Party Reports
- Title and Insurance
- Miscellaneous
Market Analytics Click Here to Access
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Market Sale Price per SF
Syracuse - NY USA
Market Cap Rate
Syracuse - NY USA
Market Sale Price per SF by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Cap Rate by Star Rating
1 - 2 Star
3 Star
4 - 5 Star
Market Sale Price per SF Distribution
Market Cap Rate Distribution
Property Facts
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
DEMOGRAPHICS
Regional Accessibility
CITY
POPULATION
MILES
DRIVE TIME
Philadelphia
1,584,138
290
5 h 45 m
New York
8,398,748
293
6 h 1 m
Boston
694,583
318
6 h 33 m
Washington
702,455
407
8 h 19 m
Detroit
672,662
422
8 h 35 m
Columbus
892,533
498
9 h 34 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
18,145
Total Labor Force
9,035
Unemployment Rate
3.73%
Median Household Income
$61,872
Warehouse Employees
1,474
High School Education Or Higher
87.80%
$ values in USD
zoning
| Zoning Code | B-1 (Mixed Use - Manufacturing/Office Space) |
| B-1 (Mixed Use - Manufacturing/Office Space) |
Sale Advisor
Sale Advisor
Bill Anninos, Lic. Associate Real Estate Broker
(315) 422-4200 x315
Contact
Bill joined the CBRE Syracuse office in 2003 after a successful 8-year marketing career with Philips Broadband Networks, a division of Philips Electronics. His focus is Tenant and Landlord representation, primarily in the office segment. Bill also has significant experience in investment offerings; and industrial and retail Tenant/Landlord representation.
About the Auction Platform
Ten-X Commercial is the leading end-to-end digital transaction platform for commercial real estate. With over $26bn sold, Ten-X’s platform empowers brokers, sellers and buyers with data-driven technology and comprehensive marketing tools to expand market visibility and decrease time to close. Ten-X consistently yields trade rates at two times the industry average. Ten-X expedites the entire CRE transaction timeline by enabling brokers and sellers to tap into a digital platform that makes it easy to onboard properties, evaluate the success of complimentary omnichannel marketing campaigns and follow up on the strongest pre-qualified leads. Buyers are precision-matched with properties aligned with their investment goals, with unprecedented access to market analysis and due diligence documents to help them securely acquire properties online, with confidence.
Read More
Auction Contact
Mary Humphreys
Contact
Auctioneer License:
Ten-X, Inc. Vibhav Kapila RE Brkr 10991231490
-
Bill Anninos -
CBRE Upstate NY
(315) 422-4200
x315
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Transaction Fee Schedule
Based on Percentage of Winning Bid Amount.
Winning Bid Amount
Transaction Fee
$0m to < $1m
5.00% ($20,000 min)
$1m to < $3m
3.00%
$3m to < $5m
2.50%
$5m to < $10m
2.25%
$10m to < $15m
2.00%
$15m to < $25m
1.75%
$25m to < $35m
1.50%
$35M to < $45M
1.00%
$45M to < $55M
0.75%
$55M and Up
0.50%
Example Calculation
Winning Bid Amount
$4,000,000
Transaction Fee
$100,000 (2.5%)
Total Purchase Price
$4,100,000
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NNN STNL | Broad Zoning | 3420 Maple Ave
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