For Auction
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Pyramid Brokerage and powered by RealINSIGHT Marketplace, 1 Columbia Circle, Albany, NY 12203 is a 68,872± SF two-story suburban office building on 5.25± acres within the Corporate Plaza Office Park. The entire building is offered for sale or lease, positioning the asset for an owner-user seeking a single-occupant headquarters or a value-add investor pursuing a lease-up strategy. Built in 1991 of steel and masonry construction, the building features a flat sealed-membrane roof, rooftop HVAC units, a wet sprinkler system, FOB access controls, a passenger elevator, and one loading dock, with municipal water and sewer and National Grid gas and electric service. The site provides 242± parking spaces, approximately 3.5 spaces per 1,000 SF, and is zoned MU-CI Mixed-Use Campus/Institutional with Pine Bush Overlay. The property sits off Washington Avenue Extension, which carries 24,622 vehicles per day, with convenient access to I-90 (NYS Thruway) and I-87 (Adirondack Northway). The surrounding area includes 59,465 daytime employees within three miles and average household incomes above $110,000, with Crossgates Mall, Crossgates Commons, the University at Albany, Colonie Center, and Albany International Airport nearby.
Due Diligence
Location
1 Columbia Circle is in Albany’s Corporate Plaza Office Park off Washington Avenue Extension, a commuter corridor carrying 24,622 vehicles per day with access to I-90 and I-87. Nearby demand drivers include the University at Albany, Crossgates Mall, and Albany International Airport, and 59,465 daytime employees work within three miles, supporting office user demand.
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Buyer pays a minimum platform fee of 5% or $25,000 at closing.
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Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
