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35 High St

25,031 SF 100% Leased Industrial Building Poughkeepsie, NY 12601 $1,100,000 ($44/SF) 8.32% Cap Rate

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Executive Summary

35 High Street Poughkeepsie is a multi-tenant industrial complex located in Poughkeepsie's Walkway-Gateway District, which allows for continued use or mixed-use redevelopment with retail, offices and apartments. Building is heavily insulated, as it was built as one of the City's many ice houses used to store ice harvested from the Hudson River prior to modern cooling/freezing systems, and features many rooms now used as rental units. Most tenants are month-to-month, so an owner could occupy most if not all of the building in the near future. Permitted uses include production/manufacturing, warehousing, museum, artist gallery/lofts, and more.

FINANCIALS - 35 High Poughkeepsie

Property Facts

Price	$1,100,000	Rentable Building Area	25,031 SF
Price Per SF	$44	No. Stories	2
Sale Type	Investment or Owner User	Year Built	1925
Cap Rate	8.32%	Parking Ratio	0.12/1,000 SF
Property Type	Industrial	Clear Ceiling Height	9 FT
Property Subtype	Warehouse Flex Light Manufacturing Industrial Distribution Industrial Service	No. Dock-High Doors/Loading	2
Building Class	C	No. Drive In / Grade-Level Doors	4
Lot Size	0.76 AC

Price	$1,100,000
Price Per SF	$44
Sale Type	Investment or Owner User
Cap Rate	8.32%
Property Type	Industrial
Property Subtype	Warehouse Flex Light Manufacturing Industrial Distribution Industrial Service
Building Class	C
Lot Size	0.76 AC
Rentable Building Area	25,031 SF
No. Stories	2
Year Built	1925
Parking Ratio	0.12/1,000 SF
Clear Ceiling Height	9 FT
No. Dock-High Doors/Loading	2
No. Drive In / Grade-Level Doors	4