FLEET PRIDE

805 Spencer Street, Syracuse, NY 13204
$3,200,000

Cap Rate
7.80%
Price Per SF
$83
Year Built
1972 / R 2009
Leasable Area
38,390 SF
Term Remaining
± 5 Years
NOI
$249,534

Broker of Record

  • Jeffrey Terwilliger
  • License No. 30TE0892302
  • (607) 745-0364
  • Seven Valley Realty, inc.
  • 145 Conhocton ,
    Corning, NY 14830

INVESTMENT HIGHLIGHTS:

  • New York Real Estate – New York real estate has high construction costs, leading to less supply
  • Strategic Location – Located directly off of Interstate 690, this site services all of the Syracuse MSA
  • Regional Headquarters – This is FleetPride’s HQ for the NorthEast and was renovated last year
  • In-Line Rent – FleetPride is paying $6.50 / SF at this site, well below their national average
  • Great Demographics – Over 230,000 people in a 5 mile radius
  • National Tenant – With 270+ locations across 46 states, FleetPride is the largest truck and trailer part company in the Nation