For Sale
$7,100,000

3 Corporate Dr Halfmoon, NY 12065

Class A Office, 40,146 SF, Multi-Tenant

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional Class A executive office building, situated on a generous 3.83-acre lot in the desirable Halfmoon, NY, presents a compelling investment opportunity. The property, located at 3 Corporate Drive, boasts 40,146 square feet of meticulously maintained space, currently 93% occupied by a diverse mix of six office tenants and one roof antenna tenant. The building features staggered lease terms with built-in annual rent escalations, ensuring consistent and growing income streams. The property is zoned PDD (Planned Development District) and its APN is 278.-1-22.141. Tenants enjoy a range of on-site amenities, including a common break room, a fully equipped fitness center with showers, a relaxing picnic area, and a reliable backup generator, enhancing the overall appeal and functionality of the space. Recent tenant improvements showcase high-end finishes, reflecting the property's commitment to quality and modern aesthetics. All office leases are structured as NNN (Net, Net, Net), minimizing landlord responsibilities and maximizing return on investment. The strategic location in Saratoga County, coupled with the strong tenant mix and staggered lease terms, makes this a truly exceptional investment opportunity. The asking price for this prime commercial property is $7,100,000.

Highlights

  • Six office tenants and one roof antenna tenant.
  • Diverse tenant mix.
  • Staggered lease expirations.
  • Annual rent increases.
  • Excellent location.
  • High-quality construction.

Property Details for 3 Corporate Dr

Property type
Office properties
Square Feet
40,146 SF
Class
A
Lot Size (sq. ft)
166,835 SF

Location Insight

City
Halfmoon
County
Saratoga
State
New York
Latitude
42.8483424
Longitude
-73.7561517

FAQs

What type of property is this?
Office property - Class A Office, 40,146 SF, Multi-Tenant
Where is the office property located?
The property is located at 3 Corporate Dr Halfmoon, NY.
What is the asking price?
The asking price for this property is $7,100,000.
What are key features of this property?
This property features: Six office tenants and one roof antenna tenant.; Diverse tenant mix.; Staggered lease expirations.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
3 Corporate Dr
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message