For Auction
REO Sale: Latham Crossing | Staples & PetSmart Anchored
Latham, NY 12110Represented by
Atlantic Capital Partners
Asset Snapshot
Investment Highlights
Offering Summary
Brokered by Atlantic Capital Partners and powered by RealINSIGHT Marketplace, 601-605 Troy Schenectady Rd in Latham, NY is an 83,511 SF community shopping center anchored by PetSmart, Staples, Chuck E. Cheese, and Panera Bread on a 9.95-acre site. The offering is the leasehold interest in the property, which is subject to a ground lease through 2057. Panera recently signed a long-term lease for its freestanding pad, and two vacant spaces totaling 14,655 SF offer a buyer the opportunity to grow in-place NOI through lease-up. Positioned along Troy-Schenectady Road (Routes 2 & 7) just off I-87, which carries 95,130 vehicles per day, the property sits adjacent to Latham Farms, a 900,000 SF power center anchored by Sam's Club, Home Depot, Hannaford, and Dick's Sporting Goods. The trade area benefits from dense, affluent demographics and proximity to University at Albany, Siena College, and Rensselaer Polytechnic Institute, supporting durable retail demand in one of Metro Albany's most active corridors. Buyers should confirm current lease status and rent roll directly, as certain tenant terms reflected in underlying diligence materials may have changed.
Due Diligence
Location
Latham Crossing fronts Troy-Schenectady Road (Routes 2 & 7) at the I-87 interchange, just 8 miles from downtown Albany. The center sits beside Latham Farms, a 900,000 SF power center anchored by Sam's Club, Home Depot, and Dick's Sporting Goods, and lies within a 10-minute drive of University at Albany, Siena College, and Rensselaer Polytechnic Institute.
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Platform Fee
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5% or $25,000 minimum
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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.
