Single-Tenant NNN Lease | Long Term 603 Queensbury Ave
120,000 SF 100% Leased Flex Building Online Auction Sale Queensbury, NY 12804
Place your bid!
INVESTMENT HIGHLIGHTS
- Fully leased single-tenant NNN industrial opportunity perfect for hands-off investors seeking to expand their portfolio in New York.
- Spacious 18-acre lot and a 120,000-square-foot industrial building provide ample room for growth and expansion.
- Zoned for Light Industrial use, this property provides a versatile space suitable for a range of industrial and commercial endeavors.
- Perched 17 minutes from I-87 and next to The Floyd Bennett Memorial Airport, this prime location ensures connectivity for all.
- With two drive-ins, and eight dock doors, 603 Queensbury Avenue is perfectly suited for general industrial activities.
- Recently signed lease has a seven-year term, allowing for buyers to have a hands-off approach in the near term.
EXECUTIVE SUMMARY
603 Queensbury Avenue is the ideal destination for investors in Queensbury, New York. The single-story, 120,000-square-foot industrial facility is situated on a gracious 18-acre lot. Constructed in 1988, the building is zoned for Light Industrial (LI) use, accommodating a variety of industrial operations. The property features ample parking, two drive-in doors, and eight dock doors, facilitating efficient loading and unloading processes. The expansive lot size offers potential for future expansion or additional development.
The current tenant, Angiodynamics Inc., recently signed a seven-year NNN lease with a term through December 31, 2032. Established in 1988 as a division of E-Z-EM, Angiodynamics is a company defined by its innovation and growth as a committed medical community partner with a focus on developing high-quality medical devices that improve patient outcomes. New owners can continue to collect rent on the property and utilize the time until the completion of the lease to secure the next tenant.
Queensbury is located in the Glens Falls, New York, metro area, which offers a diverse commercial real estate market with opportunities in retail, office, and industrial spaces. The city benefits from a strong economic base in healthcare, education, and tourism, and its affordable lease rates make it attractive for small businesses. The downtown area is seeing growth, with redevelopment projects enhancing its appeal. Industrial properties are in demand due to the city’s location near major transport routes. Overall, Glens Falls is an attractive market for businesses and investors seeking affordable spaces with growth potential.
603 Queensbury Avenue benefits from excellent positioning near the interstate with an added level of privacy. Just 17 minutes to Interstate 87 tenants and buyers can enjoy major conveniences. This property maximizes same-day tasks and logistics, enhancing your business's operational capabilities. The property is directly next to The Floyd Bennett Memorial Airport (GFL), allowing for easy distribution. There are many conveniences within a quick driving distance from retailers to restaurants. Several hotels, car dealerships, Walmart Supercenter, The Home Depot, Denny’s, Target, and many other amenities are nearby.
603 Queensbury Avenue presents investors with the premier purchase in Upstate New York.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The current tenant, Angiodynamics Inc., recently signed a seven-year NNN lease with a term through December 31, 2032. Established in 1988 as a division of E-Z-EM, Angiodynamics is a company defined by its innovation and growth as a committed medical community partner with a focus on developing high-quality medical devices that improve patient outcomes. New owners can continue to collect rent on the property and utilize the time until the completion of the lease to secure the next tenant.
Queensbury is located in the Glens Falls, New York, metro area, which offers a diverse commercial real estate market with opportunities in retail, office, and industrial spaces. The city benefits from a strong economic base in healthcare, education, and tourism, and its affordable lease rates make it attractive for small businesses. The downtown area is seeing growth, with redevelopment projects enhancing its appeal. Industrial properties are in demand due to the city’s location near major transport routes. Overall, Glens Falls is an attractive market for businesses and investors seeking affordable spaces with growth potential.
603 Queensbury Avenue benefits from excellent positioning near the interstate with an added level of privacy. Just 17 minutes to Interstate 87 tenants and buyers can enjoy major conveniences. This property maximizes same-day tasks and logistics, enhancing your business's operational capabilities. The property is directly next to The Floyd Bennett Memorial Airport (GFL), allowing for easy distribution. There are many conveniences within a quick driving distance from retailers to restaurants. Several hotels, car dealerships, Walmart Supercenter, The Home Depot, Denny’s, Target, and many other amenities are nearby.
603 Queensbury Avenue presents investors with the premier purchase in Upstate New York.
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
- Title and Insurance
MARKET ANALYTICS Click Here to Access
$99,999
Asset Value
$99,999
12 Month Sales Volume
12 Month Sales Volume
Total
Lowest
Highest
Transactions
999
-
-
Sales Volume
$99,999
$99,999
$99,999
Properties Sold
999
-
-
Transacted SF
999
999
999
Average SF
999
999
999
9.9%
Market Cap Rate
9.9%
Market Sale Price/SF Change (YOY)
12 Month Sales Price
Average
Lowest
Highest
Market
Cap Rate
9.9%
9.9%
9.9%
9.9%
Sale Price/SF
$99,999
$99,999
$99,999
$99,999
Sale Price
$99,999
$99,999
-
-
Sale vs Asking Price
-9.9%
-9.9%
-9.9%
-
% Leased at Sale
9.9%
9.9%
9.9%
-
Market Sale Price per SF
Glens Falls - NY USA
Market Cap Rate
Glens Falls - 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
| Sale Type | Investment NNN |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Property Type | Flex |
| Property Subtype | Light Manufacturing |
| Building Class | B |
| Lot Size | 13.04 AC |
| Rentable Building Area | 120,000 SF |
| No. Stories | 1 |
| Year Built | 1988 |
| Tenancy | Single |
| Parking Ratio | 3/1,000 SF |
| No. Dock-High Doors/Loading | 8 |
| No. Drive In / Grade-Level Doors | 2 |
1 of 1
DEMOGRAPHICS
REGIONAL ACCESSIBILITY
CITY
POPULATION
MILES
DRIVE TIME
New York
8,398,748
203
4 h 12 m
Boston
694,583
223
4 h 33 m
Philadelphia
1,584,138
286
5 h 48 m
Baltimore
602,495
383
7 h 42 m
Washington
702,455
418
8 h 29 m
Detroit
672,662
572
11 h 29 m
ACCESS AND LABOR FORCE
10 MILES
Total Population
87,498
Total Labor Force
46,502
Unemployment Rate
3.20%
Median Household Income
$74,056
Warehouse Employees
6,758
High School Education Or Higher
92.80%
$ values in USD
PROPERTY TAXES
| Parcel Number | 523400 297.8-1-10 | Improvements Assessment | $6,699,914 CAD |
| Land Assessment | $605,020 CAD | Total Assessment | $7,304,934 CAD |
ZONING
| Zoning Code | LI (Light Industrial) |
SALE ADVISOR
SALE ADVISOR
Todd Wenzel, CEO / Managing Broker
(315) 882-1600
Contact
In early 2021, after already having spent 23 years in the commercial real estate industry, Todd began analyzing and then utilizing the accelerated marketing platform of Ten-X. He quickly realized that the breadth and depth of the platform was unparalleled in the industry, leading to a fresh, exciting, and much more efficient way to trade CRE. The realization that the future of trading assets had already arrived inspired him to establish wyze, a first-of-its-kind commercial real estate brokerage.
Todd’s experience began with Pyramid Management Group, the largest privately held shopping center developer in the Northeast, where he was responsible for leasing the firm’s regional and super-regional mall portfolio. From there, he acted as Vice President – Retail Property Advisors at Robert K. Futterman & Associates providing comprehensive leasing, marketing, and consulting services to owners and developers of malls, lifestyle centers, and mixed-use projects across the country. He then served as Principal of Global Property Advisors where he focused on lease negotiation, tenant site selection, mixed-use project development, shopping center re-development, as well as acquisition and disposition of commercial real estate assets.
Todd’s experience began with Pyramid Management Group, the largest privately held shopping center developer in the Northeast, where he was responsible for leasing the firm’s regional and super-regional mall portfolio. From there, he acted as Vice President – Retail Property Advisors at Robert K. Futterman & Associates providing comprehensive leasing, marketing, and consulting services to owners and developers of malls, lifestyle centers, and mixed-use projects across the country. He then served as Principal of Global Property Advisors where he focused on lease negotiation, tenant site selection, mixed-use project development, shopping center re-development, as well as acquisition and disposition of commercial real estate assets.
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
Taylor Cunningham
Contact
Auctioneer License:
Ten-X, Inc. Vibhav Kapila RE Brkr 10991231490
