Tesla Service Center
Colonie
,
NY
New York
Albany
Call for Details
$
18,202,000
Call for Details
5.75
%
CAP Rate
.webp)
Brand New Construction
with Excellent Exposure & Visibility on Central Ave (43,405 ADT)
Annual Rent Increases
$129,947 Average Household Income
within a 3-Mile Radius
Property details
- New Long Term Lease with a Corporate Guaranty from Tesla, Inc. (NASDAQ: TSLA)
- Annual Rent Increases Throughout Primary Term & Options Providing an Excellent Hedge Against Inflation
- Investment Grade Tenant, Rated Baa3 by Moody’s & Rated BBB by S&P
- Mission-Critical Location Serving the Greater Albany Metropolitan Area
- Strong Regional Connectivity with Convenient Access to Interstates 87 (125,622 ADT) & 90 (87,330 ADT), which Provide Direct Routes to NYC & Boston, Respectively
- Exceptional Exposure with Ample Frontage Along Central Ave
- Major Thoroughfare and Established Commercial Corridor Experiencing 43,405 Vehicles per Day
- Premier Capital Region Submarket
- Albany CSA Population of Over 1.2 Million
- One of the Most Affluent, Educated, and Fastest-Growing Metro Areas in New York
- Diverse Regional Economy with Growing “Tech Valley” Hub
- Anchored in Government, Health Care, and Higher Education, with Expanding Sectors in AI, Nanotechnology, Semiconductor, Computer Hardware, & More
- Demographics Aligned with Tesla’sCustomer Base
- Population of 523,503 within 10 Miles with High Concentration of Commuters
- Average Household Income of $129,947 within a 3-Mile Radius
- ~47% of Residents Age 25+ within 5 Miles Hold a Bachelor’s Degree or Higher
- ~5 Miles from University at Albany (17,500+ Students), One of the Four Major University Centers of the State University of New York
- ~7 Miles from Harriman State Office Building Campus, 3M SF Employment Center Spanning 330 Acres
- Qualifies for 100% Bonus Depreciation via Cost Segregation
In Association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed New York Real Estate Broker #10991231395
Listing leads
Putnam Daily
Managing Partner
CA RE Lic #01750064
Lindsey Snider
Senior Partner
CA RE Lic #01443387
Scott Reid
ParaSell, Inc.
NY RE Lic #10991231395