Built in 2008 and recently expanded in 2015, the property consists of 40,000 square feet of office space and 15,000 square feet of light manufacturing and warehousing. The property is 100% leased to a NASDAQ publicly listed company and occupied by the corporate headquarters of a technology company that serves as a major supplier to the healthcare market.
Located at 7279 William Barry Boulevard, the property is situated within a 425-acre office and industrial park adjacent to the Syracuse Hancock International Airport.
Structured as a Delaware Statutory Trust (DST), the property is available to accredited investors seeking 1031 exchange property or as a viable investment alternative that performs independently from stock market fluctuations. The property also qualifies for accredited, self-directed IRA investors.
We're excited to be part of the Syracuse real estate market. This property represents a real opportunity for clients to invest in an Upstate New York industrial property that is a true Class-A facility, with a publicly traded, credit tenant. The region has experienced a strong increase in commercial real estate development and the Syracuse industrial market is performing consistently well, mirroring the growing demand for industrial product across the United States, commented Karen E. Kennedy, President and Founder of NAS and NASIS. As an experienced management company, NAS has a proven track record of maximizing returns for investors while providing superior service to property tenants.