973-610-1875
441 S Salina St, Syracuse, NY for Sale
Office - FOR SALE
1/27
null | Request Cap Rate

441 S Salina St
Syracuse, NY 13202
Downtown Syracuse


HIGHLIGHTS

  • ATTRACTIVE ASSUMABLE DEBT AVAILABLE if purchased in conjunction with 400 WEST AVE, ROCHESTER, NY ( Property ID: 1324420 )
  • Seven-story mixed-use ±219,625 SF office condominium with underground parking on 2 acres in the heart of Downtown Syracuse.
  • Leased at 94.9% to 16 tenants, offering ownership significant risk diversification benefits.
  • Largest tenant is TCG Player, occupying ±36% total area, a flagship location for the $295M e-commerce company purchased by eBay in 2022.
  • Three different departments of the US federal government occupy ±20% of total area, each of which came to the property in 2011 or earlier.
  • Third-largest tenant, Mackenzie Hughes, is a major regional law firm that has a track record of success dating back to 1884.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Galleries of Syracuse

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

7

BUILDING CLASS

A

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

275

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,234 SF

ZONING

CBD-R

APN/PARCEL ID

311500 101.-08-06.2/2

ASK ABOUT THIS PROPERTY

Jacklene CheslerColliersMore Info
973-610-1875

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Jacklene CheslerColliersMore Info
973-610-1875

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.