6007 Fair Lakes Rd

6007 Fair Lakes Road is a 31,219 rentable square foot multi-tenanted office building that also provides “flex” capabilities for its tenants. Located in the Pioneer Business Park, a Class A office property that has 346,975 square feet of office space throughout seven buildings, and also has two national hotel flags on the campus – Hilton Garden Inn and Homewood Suites. 6007 Fair Lakes is situated on 4.52 acres of level land within the 56-acre Pioneer Business Park campus. Parking spaces at 6007 Fair Lakes Road total 139 spaces, for a parking ratio of 4.4/1,000 sf.
Roof new in 2016.
HVAC new in 2016
The Actual NOI for 2023 was $246, 958. Proforma NOI for 2025 is $280,281 with a Cap Rate of 8.6%.
6007 Fair Lakes Drive is a 31,219 rentable square foot single story office building located within Pioneer Business Park which includes 346,975 square feet of space within seven office buildings on the campus. 6007 Fair Lakes Road has four individual tenant suites, three of which are currently occupied. Tenants include: New York State Dormitory Authority; Level 3 Communications; and LCS. 6007 Fair Lakes Drive was constructed in 1989.
Pioneer Business Park’s amenities include two hotels; Homewood Suites and Hilton Garden Inn featuring a full-service restaurant, exercise room, pool and conference rooms. In fair weather months, tenants enjoy outdoor patios, picnic areas as well as a fitness trail. Over four acres of ponds with fountains and a mature and richly landscaped setting provide the most complete business environment in Central New York. Located ¾ mile to the west is Carrier Circle, the regions hub for hotels. In addition to the two hotels on campus of Pioneer Business Park, there are 20 hotels in and around Carrier Circle.
MICRON is about to change the economic future of the the CNY Region with its $100 Billion (yes, billion!) investment into the area.
In late 2022 it was announced that a $100 billion investment was being made in the Central New York region. This news is altering the economic and business landscape of the Syracuse market.
Micron, the computer memory chip specialist in October 2022 launched a plan to create an enormous manufacturing complex in the town of Clay, N.Y., just north of Syracuse, by investing $31 billion to build four 600,000-sq.-ft. "clean rooms," on the site.
New York Gov. Kathy Hochul noted that the Onondaga County facility, roughly 40 football fields in size, will make it one of the largest construction projects in North America. In addition, the project is expected to create 5,600 related construction jobs.
The semiconductor chip factory is slated to be constructed in Clay's White Pine Commerce Park. With it comes the potential for bringing tens of thousands of jobs to the region, U.S. Sen. Chuck Schumer said during a news conference unveiling the project. In all, Micron will invest $100 billion over 20 years, which, according to Schumer, is the largest private investment in New York state history, and is set to provide 50,000 jobs throughout the area, with 9,000 working directly for the company. The average starting salary for a Micron employee is $109,000, he added.
Micron CEO Sanjay Mehrotra noted that when fully built, the plant will produce nearly four billion chips a year. He credited President Joe Biden, as well as the federal CHIPS and Science Act authored by Schumer, for setting the foundation for the plant. The measure, designed to revitalize domestic manufacturing and strengthen supply chains, was signed into law by the President in August.
Micron employs 48,000 people in 17 countries and is the fourth largest semiconductor company in the world. Site preparation for the Micron complex is going to begin in 2023, followed by the start of heavy construction in 2024, the news outlet learned. On a visit to Syracuse October 27, 2022, President Biden pointed to Micron's decision to build the major semiconductor facility in the region as a harbinger of vastly improving economic future of Syracuse and all of the Central New York Region.