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New York Industrial 100 Blackstone Ave

295,000 SF 100% Leased Industrial Building Jamestown, NY 14701 £1,656,900 (£6/SF) 6.55% Net Initial Yield

Investment Highlights

  • Over 100 years of industrial production at this location
  • Ease of Loading and Unloading
  • Heavy Power

Executive Summary

This property is currently under contract. Encompassing 295,000 square feet of space and residing on a substantial 13-acre lot, this facility stands as an essential hub for manufacturing and distribution activities. Initially constructed and then thoughtfully adapted over time, it has been tailored to support the operations of a prominent manufacturing enterprise. The complex includes 15,500 square feet allocated for administrative functions and a vast 288,704 square feet designed for an array of industrial uses, including light manufacturing, research labs, quality testing, and expansive areas for warehousing and distribution.
Architectural specifications feature versatile ceiling heights from 12 to 20 feet, robust 8-inch concrete flooring, augmented by 2-inch maple hardwood sections, providing both durability, reduced employee fatigue, comfort and aesthetic appeal. Structural columns are strategically placed, ranging from 21 to 56 feet apart, to optimize space utilization. The integrity of the building is assured with sections of the roofing system being updated within the last 3 to 15 years.
There is an additional rent factor that can be transferred in part or in whole to the purchaser.
Parking facilities are generously proportioned with 86 spots readily available, and potential for expansion up to 186, all conveniently sited adjacent to the building. The maintenance of the property has ensured that all areas remain in outstanding condition.
Located within the industrious Jamestown area, part of the notable Greater Jamestown Empire Zone, the facility benefits from being among a community of over 100 active manufacturers. Its strategic position relative to Greater Buffalo, as well as the broader regions of Ohio, New York, and Pennsylvania, situates it within a pivotal industrial nexus. This provides access to a rich supply of industrial materials, a skilled workforce, and a significant consumer market, enhancing the facility's operational and logistical advantages.

Property Facts

Price £1,656,900
Price Per SF £6
Sale Type Investment NNN
Net Initial Yield 6.55%
Property Type Industrial
Property Subtype
Manufacturing
  • Light Industrial Light Manufacturing
  • Light Industrial Research & Development
  • Industrial Warehouse
Building Class C
Lot Size 12.43 AC
Rentable Building Area 295,000 SF
Number of Floors 4
Year Built/Renovated 1910/2014
Parking Ratio 0.63/1,000 SF

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Blackstone Advanced Technologies
  • Manufacturing
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Blackstone Advanced Technologies Manufacturing 99,999 SF $9.99 Lorem Ipsum Jan 0000

zoning

Zoning Code LI (Light Manufacturing and Distribution)
LI (Light Manufacturing and Distribution)
  • Listing ID: 30885630

  • Date on Market: 06/02/2024

  • Last Updated:

  • Address: 100 Blackstone Ave, Jamestown, NY 14701

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