184-10-184-60 Jamaica Ave - Manufacturing FOR SALE
Jamaica, NY 11423 |
184-10-184-60 Jamaica Ave
Jamaica, NY 11423
HIGHLIGHTS
- Two interconnected industrial buildings totaling 618,222-SF prominently situated along the Jamaica Avenue corridor.
- Offering an ideal lease-up opportunity for investors or redevelop into a best-in-class light industrial facility.
- Situated in an Opportunity Zone and Jamaica Industrial Business Zone, which qualifies for a 25-year ICAP tax abatement.
- Experience a strategic location for last-mile delivery operations given the proximity to JFK and LaGuardia airports.
- 290,000± SF vacant in prime rent locations within the property and 51%-leased provides cash flow during lease-up and renovation.
- Over 13% of the property is currently in year-1 lease at sub-$10 PSF rent, offering near-term mark-to-market.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
The Ideal Industrial Building
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Manufacturing
TOTAL BUILDING SIZE
-
STORIES
7
YEAR BUILT
1923
UTILITIES
Lighting, Gas, Water, Sewer, Heating
CLEAR CEILING HT
17 Ft
DOCKS
24
DRIVE INS
-
PARKING SPACES
127
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
10352-0079,10352-0089
