Karr Cold Storage | Milton, NY 1666 U.S. 9W
Milton, NY 12547
For Sale
67,500 sqft
Sale Price
$14,000,000
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site plan 1_Karr Cold Storage - Milton, NY
site plan 2_Karr Cold Storage - Milton, NY
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Industrial For Sale - Available Immediately
Cold Storage | Sale Leaseback | 7.71% Cap Rate
FOUR DECADES OF EXPERIENCE In the late 1970’s, Conn Freezer Warehouse opened in the Lower Hudson Valley, serving clients who wished to store their frozen perishables a short drive from NYC. In 2019, the firm would eventually be rebranded as Karr Cold Storage. With cold storage in ever-increasing demand, over 1,400,000 cubic feet of freezer space was added to Karr’s footprint, further accommodating its growing number of food partners across various industry sectors.
LONG TERM ABSOLUTE NNN LEASE Tenant is responsible for Taxes, Insurance, CAM, and facility improvements making for a truly passive investment. Following Close of Escrow Seller will execute a 20 year Absolute NNN Lease.
TEMPERATURE CONTROLLED STORAGE Karr has ability to service both refrigerated and frozen temp. items with 49,000 SF of freezer space, 3,500 SF of cooler space (holding roughly 35-40 degrees Fahrenheit) as well as 15,000 SF of dry storage.
Get in touch
James Watkins
Lic: 02123733
JW
Tony Anderson
Lic: 01936642
TA
Richard Brehaut
Lic: 01934760
RB
Laurie Tylenda
Lic: Associate Real Estate Broker
Scott Budzenski
Lic: 01989360
SB
2023 CONSTRUCTION
The subject property is comprised of two facilities. The 40,000 SF fully frozen building was built in 2023 as an add on to the 27,500 SF building that is comprised of 9,000 SF of freezer space, 3,500 SF of cooler, and 15,000 SF of dry storage.
The subject property is comprised of two facilities. The 40,000 SF fully frozen building was built in 2023 as an add on to the 27,500 SF building that is comprised of 9,000 SF of freezer space, 3,500 SF of cooler, and 15,000 SF of dry storage.
CENTRAL LOCATION FOR 3PL AND DISTRIBUTION
The subject property is positioned minutes from The NYS Thruway And I-84, providing a central location for distribution and storage for the neighboring New England markets.
The subject property is positioned minutes from The NYS Thruway And I-84, providing a central location for distribution and storage for the neighboring New England markets.
Total Space Available
67,500 sqft
Sale Price
$14,000,000
Get in touch
James Watkins
Lic: 02123733
JW
Tony Anderson
Lic: 01936642
TA
Richard Brehaut
Lic: 01934760
RB
Laurie Tylenda
Lic: Associate Real Estate Broker
Scott Budzenski
Lic: 01989360
SB