Single-Tenant Industrial

L3Harris

147 Industrial Park Dr, Binghamton, NY 13904

Listing Price: $16,371,000

Cap Rate
9.45%
Gross SF
100,984
Price/Gross SF
$162.11
Lot Size
7.30 acres
Year Built
1985
Rentable SF
100,984

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.

Investment Highlights

  • 100,984 Square-Foot Manufacturing Asset Situated on 7.3 Acres
  • Highly Functional Asset: 17'-18' Clear Heights, Five Dock-High Doors, and Heavy Power
  • Masonry Construction Featuring 20 Percent Office Space and Ample Parking
  • 100 Percent Occupied, Nine Years Remaining on Lease and Four, 5-Year Renewal Options
  • Triple-Net Lease, Minimizing Landlord Responsibility and Expenses
  • L3Harris is a Publicly Traded Aerospace and Defense Company

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    License(s): NY: 10311205789

    New York

Listing Price: $16,371,000

Cap Rate
9.45%
Gross SF
100,984
Price/Gross SF
$162.11
Lot Size
7.30 acres
Year Built
1985
Rentable SF
100,984

Investment Highlights

  • 100,984 Square-Foot Manufacturing Asset Situated on 7.3 Acres
  • Highly Functional Asset: 17'-18' Clear Heights, Five Dock-High Doors, and Heavy Power
  • Masonry Construction Featuring 20 Percent Office Space and Ample Parking
  • 100 Percent Occupied, Nine Years Remaining on Lease and Four, 5-Year Renewal Options
  • Triple-Net Lease, Minimizing Landlord Responsibility and Expenses
  • L3Harris is a Publicly Traded Aerospace and Defense Company

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.

Exclusively Listed By

Broker of Record

  • John Krueger

    Broker of Record

    License(s): NY: 10311205789

    New York

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