Avison Young, as exclusive agent, is pleased to offer for sale 56-06 Cooper Avenue (the “Property”) in the Glendale neighborhood of Queens. The Property is a 35,800 square foot industrial building with 356 feet of frontage along Cooper Avenue. The property is fully NNN leased to five (5) tenants. The current income is over $716K per year with annual lease escalations of 3%, on average. The Property’s lot is 62,895 square feet and offers 125,790 total ZFA for commercial development and 377,370 total ZFA for community facility development, asof-right. The subject site is walking distance to multiple L Train stops.
56-06 Cooper Avenue presents investors with the opportunity to acquire a cash-flowing industrial asset in a popular submarket. The leases contain reasonable rent escalations, allowing a potential investor to increase cash flow while pursuing plans to maximize the Property’s full development potential.