Industrial
Office
Land
Investment
Retail
 


Investment

40 Commercial Avenue, Town of Wallkill, NY

±52,000 sq. ft.
40 Commercial Avenue, Town of Wallkill, NY

±52,000 sq. ft. steel-frame, concrete block facility on ±6.2 acres used for pharmaceutical manufacturing, warehousing and distribution. At the facility, the tenant develops, manufactures and markets OTC generic liquid and powder pharmaceuticals, as well as creams and ointments, with an extensive and growing catalog of over 100 products. RIJ Pharmaceutical LLC, the tenant that has operated at this facility for over 30 years, was recently acquired by Geritrex, a portfolio company of BelHealth Investment Partners. The current lease expires December 2022, and the tenant has another five-year option to renew. Priced at 7.2% cap rate. For sale at $5,000,000. (In contract)

 

 

 

Note: Information herein is subject to errors, omissions, changes of price, rental, or other conditions; withdrawal without notice, and to any special listing conditions imposed by our principals. All areas and dimensions are approximate.

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