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Office

Highpointe at Malta

2 Bayberry Drive, Malta, NY 12020

Listing Price: $5,450,000

Cap Rate
6.65%
Gross SF
19,972
Rentable SF
19,129
Price/Gross SF
$272.88
Lot Size
4.18 acres
Year Built
2011

Investment Overview

Highpointe at Malta is a two story 20,000 square foot Class A Office Building located in Malta, NY in the heart of Saratoga County's technology focused economy. The property is located at Two Bayberry Drive with highly visible frontage on Route 9 with close proximity to Interstate 87, The Luther Forest Technology Campus and numerous local retail and service amenities. The Building was completed in 2011 and provides a state of the art office facility that also could cater to service industries requiring a highly visible location. The Building has enjoyed since completion long term occupancy with two investment grade tenants, Tokyo Electron and KLA-Tencor who provide critical support services for Global Foundries chip production plant located within two miles of the Property. The Malta submarket and southern Saratoga County have witnessed enormous economic growth within the technology and logistics sectors principally concentrated in the Luther Forest Technology Campus which is within minutes of the Property. The Offering provides an investor an institutional quality asset with long term investment grade tenants, while benefitting from the continued economic growth within the submarket.

Investment Highlights

  • 100% leased Class A Office Building with long term occupancy history
  • investment Grade Tenancy, Tokyo Electron (TOELF) and KLA-Tencor (KLAC) with mission critical location requirements
  • Proximity to Luther forest Campus and Global Foundries currently commencing development of a second Chip manufacturing facility in Malta, NY

Exclusively Listed By

Financing By

Listing Price: $5,450,000

Cap Rate
6.65%
Gross SF
19,972
Rentable SF
19,129
Price/Gross SF
$272.88
Lot Size
4.18 acres
Year Built
2011

Investment Highlights

  • 100% leased Class A Office Building with long term occupancy history
  • investment Grade Tenancy, Tokyo Electron (TOELF) and KLA-Tencor (KLAC) with mission critical location requirements
  • Proximity to Luther forest Campus and Global Foundries currently commencing development of a second Chip manufacturing facility in Malta, NY

Investment Overview

Highpointe at Malta is a two story 20,000 square foot Class A Office Building located in Malta, NY in the heart of Saratoga County's technology focused economy. The property is located at Two Bayberry Drive with highly visible frontage on Route 9 with close proximity to Interstate 87, The Luther Forest Technology Campus and numerous local retail and service amenities. The Building was completed in 2011 and provides a state of the art office facility that also could cater to service industries requiring a highly visible location. The Building has enjoyed since completion long term occupancy with two investment grade tenants, Tokyo Electron and KLA-Tencor who provide critical support services for Global Foundries chip production plant located within two miles of the Property. The Malta submarket and southern Saratoga County have witnessed enormous economic growth within the technology and logistics sectors principally concentrated in the Luther Forest Technology Campus which is within minutes of the Property. The Offering provides an investor an institutional quality asset with long term investment grade tenants, while benefitting from the continued economic growth within the submarket.

Exclusively Listed By

Financing By

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