6 British American BlvdLatham, NY 12110

Property Details for 6 British American Blvd

Year built

1981

Lot size

6.68 AC

Property size (Sq ft)

72,967 SF

Zone code

19

Property type

Office properties

Property subtype

Office buildings

APN

012689 18.-1-32.41

APU

126891813241

Description

This exceptional 72,967 square foot office/warehouse facility, situated on a 6.8-acre lot in Latham, NY's Airport Park, presents a compelling investment opportunity. The property boasts a prime location at the corner of British American Boulevard and Cornell Road, offering excellent visibility and accessibility. The building features approximately 30,000 square feet of office space and 42,000 square feet of warehouse/flex space, with a 16' clear ceiling height. The warehouse area is equipped with eight interior and two exterior shared loading docks, plus two 12' x 14' drive-in doors. Ample parking is provided with 305+ spaces, recently sealed and striped. The property benefits from a robust power supply (1600 Amp; 277/480 Volt; 3-Phase; 1336 KW capacity) and a comprehensive wet sprinkler fire suppression system. The roof is predominantly TPO (replaced in 2017), with the remainder featuring EPDM and pea gravel ballast. Column spacing is 40' x 40'. The property is currently multi-tenant with long-term leases in place. This well-maintained facility offers significant potential for investors seeking a strong return in a desirable location. The asking price is $5,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $18,126,134

  6.5%

  $16,731,816

  7%

  $15,536,686

• Comparable approach

  Method

  Valuation

  Relative Method

  $9,597,952

  Geo Method

  $9,533,868

• Alternative Use

  Use

  Valuation

  Residential

  $20,747,452

  Hospitality

  $19,004,554

  Educational

  $15,811,566

  Medical

  $16,355,350

  Retail

  $24,595,770

Location Insight

City

Latham

County

Albany

State

New York

Latitude

42.7588

Longitude

-73.8209

CBSA code

10580

CBSA name

ALBANY-SCHENECTADY-TROY, NY METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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