100% Leased - SUNY Upstate
111 Sanders Creek Parkway, East Syracuse, NY 13057 United States
Building Size
92,574 SF
Building Size
92,574 SF
OVERVIEW
As exclusive agent, Cushman & Wakefield | Pyramid Brokerage Company are pleased to offer a fee simple interest in 111 Sanders Creek Parkway (the "Property"), a 92,574-square-foot, two-story building situated on 19.71 acres in East Syracuse, Onondaga County, New York. The Property is 100% leased to the State University of New York, Upstate Medical University ("SUNY Upstate"), whose obligations are guaranteed by The State University of New York, providing investors with secure, long-term cash flow backed by a credit tenant (SUNY S&P credit rating: AA+).
Constructed in 2001, the Property is a class A asset featuring 15' slab-to-slab heights, efficient floor layouts, and abundant surface parking of 743 spaces (8.03 per 1,000 SF). The site is distinguished by professionally manicured landscaping, two ponds, an elegant wraparound entrance, and three points of ingress/egress along Sanders Creek Parkway. Its layout supports both single- and multi-tenant strategies, offering investors flexibility beyond the current single-tenant occupancy.
Owner-occupied by BNY Mellon from its 2001 construction through 2021, the Property has benefited from consistent institutional stewardship and ongoing maintenance, resulting in strong curb appeal and limited near-term capital requirements. Its location within a dynamic mixed-use park places it among national and regional users including Aspen Dental and Fidelis Care, and adjacent to the Catherine McAuliffe Health Center. The Property sits minutes from the NY State Thruway (I-90) and Interstate 81, roughly 15 minutes from Syracuse University and SUNY Upstate Medical University, and within immediate proximity to Syracuse Hancock International Airport, providing exceptional regional connectivity and access to a deep, educated Central New York labor pool. SUNY Upstate Medical University is the only academic medical center in Central New York and the region's largest employer, with more than 13,000 employees and an Upstate University Health System that serves approximately 1.8 million people annually. Founded in 1834, it is the 15th-oldest medical school in the United States and part of the SUNY system.
Constructed in 2001, the Property is a class A asset featuring 15' slab-to-slab heights, efficient floor layouts, and abundant surface parking of 743 spaces (8.03 per 1,000 SF). The site is distinguished by professionally manicured landscaping, two ponds, an elegant wraparound entrance, and three points of ingress/egress along Sanders Creek Parkway. Its layout supports both single- and multi-tenant strategies, offering investors flexibility beyond the current single-tenant occupancy.
Owner-occupied by BNY Mellon from its 2001 construction through 2021, the Property has benefited from consistent institutional stewardship and ongoing maintenance, resulting in strong curb appeal and limited near-term capital requirements. Its location within a dynamic mixed-use park places it among national and regional users including Aspen Dental and Fidelis Care, and adjacent to the Catherine McAuliffe Health Center. The Property sits minutes from the NY State Thruway (I-90) and Interstate 81, roughly 15 minutes from Syracuse University and SUNY Upstate Medical University, and within immediate proximity to Syracuse Hancock International Airport, providing exceptional regional connectivity and access to a deep, educated Central New York labor pool. SUNY Upstate Medical University is the only academic medical center in Central New York and the region's largest employer, with more than 13,000 employees and an Upstate University Health System that serves approximately 1.8 million people annually. Founded in 1834, it is the 15th-oldest medical school in the United States and part of the SUNY system.
Details
- Building Size:
- 92,574 SF
- Sale Price:
- Contact us for pricing