NNN Single-Tenant | Near Interstate 3 Properties Online Auction Sale Frankfort, NY
INVESTMENT HIGHLIGHTS
- Single-tenant 100% leased NNN industrial property in Frankfort, New York with a remaining long-term lease, securing the investment.
- With a spacious 6.70-acre lot and a 9,124-square-foot industrial building, there's ample room for growth and expansion.
- Zoned for General Industrial use, this property provides a versatile space suitable for a range of industrial and commercial endeavors.
- Minutes away from downtown Utica and 10 min from I-90 ramp, providing convenience for businesses and customers.
- Property boasts seven drive-ins, with a clear height of 16 feet, perfectly suited for general industrial activities.
EXECUTIVE SUMMARY
2388, 2396, and 2382 Broad Street in Frankfort, New York is the ultimate investment for buyers seeking hands-off income. Built in 2024, the property offers a total of 9,124 square feet of industrial space. It sits on a spacious 6.70-acre lot, providing ample room for operations, expansion, or future development. The property is zoned for industrial use, making it suitable for a wide range of businesses. Key features include a generous 16-foot clear height, allowing for efficient storage and operational use, and seven drive-in bays, ensuring smooth logistics and accessibility for loading and unloading. This modern, well-maintained industrial facility is ideally positioned for growth and operational efficiency, offering a solid foundation for any industrial business.
The property is 100% occupied by one tenant, First Student, Inc. First Student Inc. is on an NNN lease with a term recently signed in 2024 and going through 2034. First Student Inc. is a top provider of student transportation services in North America, operating a large fleet of school buses. The company is known for its safety, reliability, and efficient transportation solutions for school districts, along with fleet maintenance and management services.
Utica, New York, offers attractive opportunities in commercial real estate, particularly in the industrial, office, and retail sectors. With its strategic location near major highways and cities, Utica is ideal for distribution and logistics. The market features competitive prices and a growing business community, supported by local revitalization efforts. As the economy continues to improve, Utica is becoming an increasingly appealing destination for investors and businesses looking for affordability and growth potential.
2388, 2396, and 2382 Broad Street in in the ideal location for industrial users. Just off Interstate 90, the asset is connected to other major cities such as Syracuse, Albany, and beyond. Noteworthy places close by include SUNY Polytechnic Institute, Utica University, and Griffiss International Airport-RME. There are many local retailers, restaurants, and conveniences also within a quick drive creating the perfect environment for business.
Property tours are available by appointment only. Please contact the listing broker to schedule.
The property is 100% occupied by one tenant, First Student, Inc. First Student Inc. is on an NNN lease with a term recently signed in 2024 and going through 2034. First Student Inc. is a top provider of student transportation services in North America, operating a large fleet of school buses. The company is known for its safety, reliability, and efficient transportation solutions for school districts, along with fleet maintenance and management services.
Utica, New York, offers attractive opportunities in commercial real estate, particularly in the industrial, office, and retail sectors. With its strategic location near major highways and cities, Utica is ideal for distribution and logistics. The market features competitive prices and a growing business community, supported by local revitalization efforts. As the economy continues to improve, Utica is becoming an increasingly appealing destination for investors and businesses looking for affordability and growth potential.
2388, 2396, and 2382 Broad Street in in the ideal location for industrial users. Just off Interstate 90, the asset is connected to other major cities such as Syracuse, Albany, and beyond. Noteworthy places close by include SUNY Polytechnic Institute, Utica University, and Griffiss International Airport-RME. There are many local retailers, restaurants, and conveniences also within a quick drive creating the perfect environment for business.
Property tours are available by appointment only. Please contact the listing broker to schedule.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Operating and Financials
- Purchase Agreement
- Title and Insurance
PROPERTY FACTS
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Sale Type | Investment NNN |
| Status | Active |
| Number of Properties | 3 |
| Total Building Size | 11,596 SF |
| Total Land Area | 6.35 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT |
|---|---|---|---|
| 2382 Broad St, Frankfort, NY 13340 | Industrial | 5,000 SF | 1950 |
| 2388 Broad St, Frankfort, NY 13340 | Retail | 4,096 SF | - |
| 2396 Broad St, Frankfort, NY 13340 | Industrial | 2,500 SF | 1980 |
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.
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AUCTION CONTACT
Casey Harrell
Contact
Auctioneer License:
Ten-X, Inc. Vibhav Kapila RE Brkr 10991231490
