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1207 Troy Schenectady Road at Riverhill Center - 1207 Troy Schenectady Road, Latham, NY

Property Details

  • Price :

  • Square Feet :

  • Cap Rate :

  • $5,021,200

  • 22,224

  • 6.25%

  • NOI :

  • Acres :

  • $313,826

  • 1.76

  • Property Type :

  • Property Status :

  • Mixed-Use

  • Available

Investment Highlights

 22,224 Square-Foot Two-Story Mixed-Use Retail Plaza (Retail & Office)

 100% Occupancy with a Diverse Tenant Mix that Include a Bank, Restuarant, Optician, Dentist

Group, Financial Services, and Staffing Organization

 Newer Construction - Built in 2015, Offers Modern Features, Attractive Façade, with Drive-thru

and Patio

 Long-Term Leases until 2027 Mitigating Landlord Risk

 Minimal Deferred Maintenance

 Rarely Traded – High Demand Property Type in the Albany Area

 Newest Addition to Riverhill Center, One of the Finest Office Parks Located within the Capital

Region and the Albany International Airport Area

 Situated Adjacent to a Proposed New 150,000 SF Building to be Occupied by an Estimated 800+

Employees of a New York State Agency

 Centered within the Capital District in Latham, New York

 Located within 1 Mile of Albany International Airport, 9 Miles of Albany, 8 Miles to Troy, and 7

Miles from Schenectady

 High Visibility on Latham’s Retail Corridor Troy Schenectady Road (Route 7)

 Average Daily Traffic Count Exceeds 36,276 Cars on Troy Schenectady Road

 Excellent Demographics with $150,828K Average Household Income within 1 Mile

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