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Mixed Use


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.

 

2142 Rt 302, Circleville, NY

±10,000 sq. ft.
2142 NY Route 302, Town of Wallkill, NY

Continually operated as an engineering office, this ±10,000 sq. ft. two-story professional building is situated on ±1.8 acres, and located less than 1.5 miles from NY Route 17 / Interstate 86. The original ±7,000 sq. ft. two-story structure has been expanded and now includes a two-level ±3,000 sq. ft. addition. The original structure is comprised of nine private rooms (offices and conference rooms) as well as open administrative/cubicle areas. The level below this includes some additional administrative areas along with file/storage space. The two-level addition also has a mix of private offices and open administrative/cubicle areas. There is paved parking for 48 vehicles (expandable) along the side and to the rear of the building. The owner will lease back the facility through December 2019, providing triple net income for the new owner. For sale at $550,000.

 

78 Cypress Road, rear view

±15,348 sq. ft.
78 Cypress Road, Town of Goshen, NY

This unique ±15,348 sq. ft. passive solar office building is situated on ±7.8 acres centrally located between Goshen and Middletown, with easy highway access via exit 122A of NY Route 17. The building has two levels, both on grade, each accessible from opposite sides of the building. It is divided into six office units, with four suites presently available for lease of ±2,173 sq. ft., ±2,510 sq. ft., ±1,810 sq. ft. and ±1,794 sq. ft. Ample parking. Less than ¼ mile to NY Route 17 / Interstate 86 and only three miles to Interstate 84. For sale at $1,150,000. (In contact)

 

 

 

 

 

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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