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375 Bay Rd
Queensbury, NY 12804

$3,467 - $3,488 USD/MO

Medical For Lease • 3,467+ SF

Property Details

Property Type Medical
Year Built 2004
Total Building Size 30,960 SF
Tenancy Multiple
Building Class B
Zoning C-1

0 Transit Score

42 Walk Score

2 Spaces Available

Name	Space Use	Size	Rent
2nd Floor Ste 201	Office	3,467 SF	$12.00 USD/SF/YR
Date available: Now Lease term: Negotiable Service type: Triple Net Space Type: Relet
2nd Floor Ste 202	Office	3,488 SF	$12.00 USD/SF/YR
Date available: Now Lease term: Negotiable Service type: Triple Net Space Type: Relet

Description

Dec 2025-LL open to 6 months of NNN PMT only[~ $4/SF] for solid 5 yr lease.  6,955 SF available for lease at $12/SF, NNN. Two suites [ each ~ 3,488sf] across from each other on 2nd level. Mainly open bullpen w/perimeter offices, kitchenette, numerous windows, excellent natural light.....For Sale at $2.395MM:[ ~ 10% Cash-on-Cash | ~ 9.19% Cap Rate...NOI of ~ $219,983 w/vacancy],  100% Bonus Depreciation using Cost Segregation [~ $ 428k to $624K]. GSA tenant-no early release...Great asset w/over $300K in current income to off-set monthly operating expenses.  Professional building, multi-tenanted w/both medical & gov’t entities[renewed 10 yr lease w/ ~ $300K in upgrades, 8 yrs remain] Well maintained, two story complex inside & out. Suites consists of bullpen areas[one w/numerous cubicles (± 50) ready for occupancy], perimeter offices, conference rooms, kitchenettes, plenty of windows [natural light] & security features. Signage available. Potential for expansion w/gov’t approvals. #’s available to qualified buyer[s]. 100% Bonus Depreciation-Cost Segregation [tax reduction] potential. Silicon Valley of the East! Region destined to become w/help of Nvidia co-founders investment at RPI.

Amenities

Atrium
Signage
Central Heating
Fully Carpeted
Air Conditioning

Major Tenants

Tenant	SF Occupied	Lease End Date
CDNY		12/31/2023
Graceful Touch Massage Therapy
Internal Revenue Service		8/31/2015

Public Transportation

Commuter Rail	Drive	Walk	Distance
Fort Edward Amtrak (Adirondack - Amtrak, Ethan Allen Express - Amtrak)	16 min	-	7.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	150
Type:	Surface
Included in Rent:	Yes

Julie Gibbons, CCIM 518-364-7789 Sterling Real Estate Group

375 Bay Rd Queensbury, NY 12804