250 West Nyack Road Update 12/09/21

West Nyack Warehouse Acquired for $52M

A Class-A industrial warehouse at 250 West Nyack Road in West Nyack, New York has just sold for $52 million. It was acquired by Denholtz Properties from , who has owned the property since December of 2019. The building totals square feet and sits on 15-acres of land. It contains 204,598 square feet of warehouse space, which is set up for last-mile distribution operations. There is also an attached 2-story section with  square feet of office space.

250 West Nyack was built in 1971, but after purchasing the property in 2019, executed a $1.8 million capital improvement plan that brought the building up to Class-A standards.

  

As if the deal couldn't get any sweeter, the facility also has location on its side. According to Turnbridge, "The property is located four miles from Northern New Jersey, five miles from the Tappan Zee Bridge, 19 miles from the George Washington Bridge, 26 miles from Manhattan, and minutes from the nexus of the Garden State Parkway, Palisades Parkway, and I-287, providing excellent vehicular access to the 15 million residents of the New York Metro area."

 

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