Prime Industrial Asset – 21 Sullivan Parkway in Fort Edward, NY is a ±17,352-square-foot industrial facility situated on ±1.22 acres. Built in 1990, the property offers 26-foot clear heights, two dock-high doors, and one oversized drive-in door, providing excellent functionality for distribution and service operations.

Credit Tenant – The property is fully leased to Ferguson Enterprises, one of North America’s leading HVAC and plumbing distributors with more than 18,000 locations.

Attractive Financials – Current annual rent is $118,800 ($77.80/SF), with the tenant responsible for taxes, insurance, and common area maintenance, limiting landlord obligations to structural repairs. The investment offers a stable 8.80% cap rate supported by a nationally recognized credit tenant.

Strategic Location – The facility is strategically positioned in a growing industrial hub along the Hudson River with immediate access to US-4, NY-197, the Canadian Pacific rail line, and the I-87 corridor connecting to the Albany MSA. The area has seen significant public investment, including a $4.7 million New York State grant for infrastructure upgrades, further enhancing its appeal for industrial users.