1666 Route 9WMilton, NY 12547

Property Details for 1666 Route 9W

Year built

2023

Lot size

4.94 AC

Property size (Sq ft)

67,500 SF

Property type

Refrigeration & cold storage

Property subtype

Industrial properties

Description

This exceptional investment opportunity presents a Class B industrial property in Milton, NY, encompassing 67,500 square feet of net rentable space across two buildings. Built in 2023, the property features a mix of refrigerated, freezer, and dry storage, totaling 49,000 square feet of freezer space, 3,500 square feet of cooler space (35-40°F), and 15,000 square feet of dry storage. One building is a brand-new 40,000 square foot fully frozen facility, while the second building offers a combination of freezer, cooler, and dry storage space. The property boasts 10 dock-high doors and 2 loading docks, with ceiling heights ranging from 24' to 35'. Situated on a 4.94-acre lot (APN: 3600-103.003-0003-068.000-0000), this strategically located property offers easy access to the NYS Thruway and I-84, making it ideal for distribution and 3PL operations serving the New England market. The property is currently under a 20-year Absolute NNN lease with a corporate guarantee, featuring four, five-year lease options and 3% annual rent increases. The asking price is $15,306,206, with a strong 7.25% cap rate and a net operating income (NOI) of $1,109,700. The zoning is RAG1. This is a passive investment opportunity with a long-term, secure lease.

Location Insight

City

Milton

County

Ulster

State

New York

Latitude

41.6396

Longitude

-73.9625

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

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 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 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].