Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire the property located at 147 Industrial Park Drive in Binghamton, New York, leased to L3Harris. The subject property consists of approximately 100,984 square feet of space and is situated on 7.3 acres of land. The asset is highly functional with 17-18 clear heights, five dock-high doors, and heavy power. The manufacturing property is masonry construction featuring 20 percent office space and ample parking. With four, 5-year renewal options and nine years remaining on the lease, the property is 100 percent occupied. L3Harris is a publicly traded Aerospace and Defense company with over 50,000 employees and revenue of over $18 billion. L3Harris Technologies, Inc. has a credit rating of BBB (Investment Grade, Prime) (Moodys). The triple-net lease minimizes landlord responsibility and expenses for an investor. The subject asset is a strategically located warehouse with proximate access to major freeways.