Investment Overview
Offered for sale is 625 Sawkill Road, a fully leased, net-leased industrial property anchored by two established national and regional tenants, HOP Energy and Brenntag Lubricants. The consists of two warehouses, one totaling 19,942 square feet and the other at 22,250. The property offers investors stable cash flow generated through long-term net leases that significantly reduce landlord responsibilities while providing predictable income. The property is equally as attractive to an owner user looking to have a footprint in the Hudson Valley.
The asset is 100% occupied by two industrial users with long operating histories at the property. HOP Energy, one of the Northeast's largest energy distributors, occupies a significant portion of the property under a long-term lease extending through 2031 with 2% annual rental increases, providing built-in income growth.
Investment Highlights
- Long term net lease structure
- Stable Tenant Base
- Easy access to I-87
- Centrally located between the Capital Region and NYC
- Limited industrial inventory in the Kingston market