Property Overview
Address: 142 Schwenk Drive, Kingston, NY 12401
Building Size: 4,256 SF
Lot Size: 0.55 Acres
Market: Uptown Kingston
DEAL OVERVIEW
The Challenge
Long term national tenant notified ownership they would not be renewing their lease. Nicely renovated office/retail/service building in very good, accessible location. Covid19 pandemic has resulted in a reduction of demand for office space.
The Objective
Find a suitable retail/service or office tenant, preferably national or credit tenant for long term lease.
The Solution
In the course of marketing, a potential buyer surfaced and after discussions of valuation with owners, a price of $629,000.00 was agreed and sale closed.
