Bay Road Office 375 Bay Rd
30,960 SF 100% Leased Office Building Queensbury, NY 12804 $2,600,000 ($84/SF)
INVESTMENT HIGHLIGHTS
- Current Income From Several Regional / Gov't Tenants To Offset Expenses
- Gate Way to the Adirondacks & Short Drive to Lake George
- Potential To Expand Bldg Size w/Gov't Approvals
- Cost Segregation potential for an owner/ user
EXECUTIVE SUMMARY
Great asset w/over $300K in current income to off-set monthly operating expenses. 6,955 SF available for lease at $12/SF, NNN. Two suites [ each ~ 3,488sf] across from each other on 2nd level. Professional building, multi-tenanted w/both medical & gov’t entities[just renewed 10 yr lease w/ ~ $300K in upgrades] Well maintained, two story complex inside & out. Suites consists of bullpen areas[one w/numerous cubicles (± 50) ready for occupancy], perimeter offices, conference rooms, kitchenettes, plenty of windows [natural light] & security features. Signage available. Potential for expansion w/gov’t approvals. #’s available to qualified buyer[s]. Cost Segregation [tax reduction] potential. Silicon Valley of the East! Region destined to become w/help of Nvidia co-founders investment at RPI.. Stabilized NOI.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
30,960 SF
Building Class
B
Year Built
2004
Price
$2,600,000
Price Per SF
$84
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,275 SF
Building FAR
0.18
Lot Size
4.05 AC
Zoning
C-1 - Commercial Intensive
Parking
150 Spaces (4.84 Spaces per 1,000 SF Leased)
AMENITIES
- Atrium
- Signage
- Central Heating
- Fully Carpeted
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 523400-296-019-0001-032-000-0000 | Improvements Assessment | $1,107,500 |
| Land Assessment | $412,500 | Total Assessment | $1,520,000 |
