FOR SALE OR LEASE
5710 Commons Park Drive
East Syracuse, New York 13057
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
For more information, please contact:
Michael Kalet
Associate Real Estate Broker +1 315.445.8534
[email protected]
5845 Widewaters Pkwy, Suite 200 East Syracuse, New York 13057 phone: +1 315 445 1030 pyramidbrokerage.com
14,508± SF on 2.0± Acres
Property Highlights
• Professional Business Park setting
• Workplace friendly interior (and exterior)
• Passive eastern/suburban location on the NYS Erie Canal Recreation Trail
• Flexible floor plan with three (3) 4,000± SF modules
• Fully improved/recently replaced HVAC and roof
• Easily accessible location at Route 690 & 481
• Building signage and 56 car parking
• Room for building expansion
• Below market Operating Expenses
• Property purchase includes Rental Income
• 25-year Fixed Interest Rate, financing available
Demographic 1 Mile 3 Miles 5 Miles
Population 1,152 45,952 136,046
Households 523 19,225 54,280
Average Income $109,806 $93,522 $74,379 Daytime Employees 8,640 34,994 128,194 Source: ESRI Business Analyst 2020
Traffic Counts
I-481 56,887 AADT
Towpath Road 5,126 AADT
Source: NYS DOT 2019
THE BEST SUBURBAN, MID-SIZE OFFICE BUILDING AVAILABLE IN THE MARKET
Towpath Commons 5710 Commons Park Drive East Syracuse, New York 13057
List Price / Purchase Price (14,508 SF @ $96.43): $1,399,000 Annual Expense
10% DownPayment (Equity): $ 139,000
90% Financed @ (*) 4.50% (25 Yr. Fixed Rate) w/ $15,000 Closing Costs: $1,275,000 $85,042
10% ROI (Equity) $13,900
SubTotal $98,942 Reported Operating Expenses (2020)
Property Taxes: $45,084.03 $3.11 / SF
Building Insurance: $ 4,824.00 $ .33 / SF
Repairs & Maintenance: $ 4,785.55 $ .33 / SF
Trash Removal: $ 3,422.28 $ .24 / SF
Snow Removal / Lawn Care: $ 5,000.00 $ .34 / SF Gross Utilities (Gas & Electric): $ 8,300.00 $ .57 / SF
Water: $ 267.50 $ .02 / SF
Janitorial: $15,731.40 $1.08 / SF
Supplies: $ 1,800.00 $ .12 / SF
Security System: $ 1,928.73 $ .13 / SF
$91,143.49 $6.28 / SF $91,144
Total $190,086 Total / SF $13.10 / SF
(*) Subject to Buyer Qualified Financing
Joseph E. D’Imperio, Vice President Wells Fargo Commercial Banking Lending
400 Meridian Center, Suite 210 Rochester, NY 14618 (585)241-7565 (O) / (585)236-7006 Michael Kalet, Associate Real Estate Broker
Pyramid Brokerage Company 5845 Widewaters Parkway, Suite 200 East Syracuse, NY 13057
(315)445-1030 (O) / (315)445-8534
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
FOR SALE OR LEASE
5710 Commons Park Drive
East Syracuse, New York 13057
Interior Directory
Garden Room
Building Primary Entry/Reception
Common Kitchen Area
FOR SALE OR LEASE
5710 Commons Park Drive
East Syracuse, New York 13057
Klepper, Hahn & Hyatt 4,000 SF Office Module with Exterior Windows (1 of 3 4,000 SF Modules)
Supplemental Office (1,000 SF with Private Bathroom)
Common Area Conference/Training Room (for 40±)
Tenant Floor Plan
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance
FOR SALE OR LEASE
5710 Commons Park Drive
East Syracuse, New York 13057
Site Plan
FOR SALE OR LEASE
5710 Commons Park Drive
East Syracuse, New York 13057
Cushman & Wakefield Copyright 2015. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question.
Independently Owned and Operated / A Member of the Cushman & Wakefield Alliance