1885 Mason DrJamestown, NY 14701

Property Details for 1885 Mason Dr

Year built

1985

Lot size

61.80 AC

Property size (Sq ft)

395,580 SF

Zone code

06 - INDUSTRIAL

Property type

Manufacturing properties

APN

063889 371.00-2-26

APU

6388937100226

Description

This exceptional Class A industrial property, located at 1885 Mason Dr in Jamestown, NY's Mason Industrial Park, offers a substantial 456,094 square feet of space. The property sits on a 61-acre lot and includes 634 parking spaces. Built in 1989, the building features a 24-foot ceiling height. The property is currently leased under an Absolute NNN lease with 14 years remaining. The lease includes annual rent bumps of 1%. The tenant, eSolutions Furniture Group (formerly Bush Industries), is a well-established international furniture manufacturer with a long history in Jamestown, NY, having occupied this facility since 1984. Their acquisition by Bestar in 2020 solidified their position as a major player in the furniture industry. This presents a strong, long-term investment opportunity with a stable, creditworthy tenant (though no credit rating is available). The property's size, location, and lease terms make it an attractive option for discerning investors seeking a secure, high-return industrial asset. The property's address is 1885 Mason Dr, Jamestown, NY 14701, within Chautauqua County.

• CAP approach

  CAP return

  Valuation

  6%

  $168,499,000

  6.5%

  $155,538,000

  7%

  $144,428,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $61,920,000

  Geo Method

  $126,548,000

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $79,902,700

  Mixed-Use / Specialty

  $79,731,000

  Hospitality / Lodging

  $58,643,500

  Office

  $79,375,300

  Institutional / Educational

  $82,928,600

  Residential Income

  $97,026,400

  Multifamily

  $115,741,000

  Automotive / Energy

  $71,081,600

  Parking / Income-Based Land

  $24,417,600

  Restaurant / Food Service

  $41,710,300

  Healthcare / Senior Housing

  $81,646,600

Location Insight

City

Jamestown

County

Chautauqua

State

New York

Latitude

42.1049

Longitude

-79.1887

CBSA code

27460

CBSA name

JAMESTOWN-DUNKIRK-FREDONIA, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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