deal image
6005 Fair Lakes RdEast Syracuse, NY 13057
6005 Fair Lakes Rd
Asset ClassOffice, Industrial
Square Feet109,960
Year Built: 2000% Leased: Land: 11.64 AcresAccess Data Room
Vacant Value-Add or Owner-User Opportunity | Location Directly Off Interstate 90 | High-Quality Two-Story +/- 109,960 SF Office / Flex Asset
overview of deal

Overview

Marcus & Millichap is pleased to present the opportunity to acquire 6005 Fair Lakes Road (the “Asset” or “Property”), a ±109,960-square-foot institutional-quality, two-story office/flex building located in East Syracuse, New York. The Property benefits from a prime infill location with immediate access to Interstate 90 (I-90) and offers a rare campus-style setting featuring mature landscaping and a tranquil pond.

Access the Data Room

Investment Highlights

STRATEGIC LOCATION

  • Direct frontage along Interstate 90, the region’s primary east-west corridor connecting Buffalo to Albany
  • Less than 1 mile west from Interstate 481, providing efficient north-south connectivity and access to surrounding suburbs
  • ±4 miles to Interstate 690, offering direct access into Downtown Syracuse

HIGH QUALITY OFFICE / FLEX BUILDING

  • ±109,960 SF constructed in 2000 and institutionally maintained since development
  • Will sell well below replacement costs and will provide future ownership a much lower basis than existing competitive buildings
  • Two (2) grade-level loading docks spaces and two (2) overhead doors
  • ±5.20 per 1,000 SF parking ratio with 572 total parking spaces, 170 of which are secured outdoor truck parking
  • Warehouse space and adjacent outdoor storage area provide a highly desirable advantage in today’s supply chain focused environment, where flexible light industrial capabilities are in short supply

IMMEDIATE UPSIDE POTENTIAL THROUGH LEASE UP

  • Low basis will provide for availability of tenant improvement dollars to modernize or spec out space to assist in lease-up downtime
  • Tremendous opportunity to reposition this Asset given its condition and adaptability for tenants of all sizes, with the ability to accommodate multiple tenants
deal gallery image
deal gallery image
deal gallery image
6005 Fair Lakes RdEast Syracuse, NY 13057

Sales Team

Peter Bauman Senior Managing Director602.370.6020peter.bauman@marcusmillichap.com
Tivon MoffittSenior Managing Director954.547.7212tivon.moffitt@marcusmillichap.com
deal image

Inquire

Listing provided by LightBox Revere