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1979 Central AveAlbany, NY 12205
Tesla Service Center - Albany, NY
Asset ClassIndustrial, Retail
Year Built2026
New 15-Year Tesla with Annual Increases in High Income Market
overview of deal

Overview

  • New 15-Year Lease with a Corporate Guaranty from Tesla, Inc. (NASDAQ: TSLA): 2.75% annual rent increases
  • Brand New 2026 Construction on Large Lot: Strategically serves the greater Albany metropolitan area with strong regional connectivity to I-87 and I-90
  • Prime Commercial Corridor Location: Excellent visibility and frontage along Central Avenue (43,405 ADT)
  • Demographics Aligned with Tesla's Customer Base: Population of 523,503 within 10 miles with an average household income of $129,947 within 3 miles
  • Proximity to Major Demand Drivers: Near University at Albany (17,500+ students), Harriman State Office Campus (3M SF), and Albany International Airport (~3M annual passengers)
  • Premier Capital Region Submarket: Diverse regional economy with growing "Tech Valley" hub

In Association with Scott Reid & ParaSell, Inc. | P: 949.942.6578 | A Licensed New York Real Estate Broker #10991231395

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1979 Central AveAlbany, NY 12205

CONTACT

Putnam DailyManaging Partner

License #: CA 01750064

(510) 289-1166putnam@fisherjamescapital.com
Scott ReidBroker / ParaSell, Inc.

License #: NY 10311208459

(949) 942-6578scott@parasellinc.com
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