Property Overview
Address: 20 Kieffer Lane, Kingston, NY 12401
Building Size: 30,000 SF
Lot Size: 3.1 Acres
Market: Ulster County
DEAL OVERVIEW
The Challenge
Owner contacted SVN Deegan Collins Commercial Realty to advise the national tenant,(Land o Lakes agricultural input division) we put in the property five years ago, notified they were consolidating their operations at a Pennsylvania location and would not be renewing their lease.
The Objective
After looking at market conditions and performing a lease v. sell analysis, it was decided to place the property on the market.
The Solution
Demand created by the Covid19 exodus from the NY Metro area created a healthy amount of demand, and within a few weeks, we obtained multiple offers on the property. A short due diligence period and cash contract resulted in a closing within sixty days.
