Property

Ownership: For Sale
Type: Unknown
Pets: Pets No

Financials

Price:C12,900,000
($9,316,380)
(€8,178,289.27)
Annual Taxes:C60,381.71
505 Park Ave, New York, NY 10022

Description

NEW PRICE /MANUFACTURING PLANT/ NEW PRICE Solid investment for the future .Fully fixtured industrial building with diverse manufacturing capabilities already installed. Net Leased industrial building.Currently Fully outfitted for manufacture and distribution of automotive refinishing and and repair products. Zoning conforms. Tenant is Axalta Coating Systems, a premier global manufacturer of industrial coatings. Company is based in Philadephia with 2023 sales of 5.5 billion and 12,700 employees worldwide. Net lease with 3 years remaining on 5 year lease. Roof replaced in 2024. Numerous upgrades to building including oversized ventilation system. Tyco / Ansul sprinkler fire suppression system(including in storage racks). Draiger air monitoring system, Nitrogen generation system, tank farm, back up generators, Donaldson air filters, 600 volts /800 amp electrical system. M-2 zoning ( outside storage permitted) Up to date clean environmental report available .Replacement cost of building far greater than list price. This highly desirable Location with M-2 zoning very difficult to replace. Close to 400 series roads and skilled labor pool. Great secure investment for the future.

Amenities

  • Irregular Lot

NEW PRICE MANUFACTURING PLANT NEW PRICE Solid investment for the future.


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    All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.