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Jason Hoffman Acquires 42,000 SF Development Site In Syracuse For $1.3M

Property Image
SOLD
$1,300,000
Martin Mcdermott
JH

New York

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Development Site420,000 SF
Sold 11/26/2019
the dealplayerscompscontact
Property Image
SOLD

Jason Hoffman Acquires 42,000 SF Development Site In Syracuse For $1.3M

301 S Salina St, Syracuse, NY 13202, USA

See Similar Deals
Development Site420,000 SF
Sold 11/26/2019
Martin Mcdermott
JH
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Price Per Square Foot:$3
Total Square Footage:420,000 SF
Transaction Type:Sale

A development site located at 301 South Salina Street in Syracuse has been sold for a price of $1,300,000. The property spans 42,000 square feet, resulting in a price per square foot of $30. The seller of the site was Walgreens Corp.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,300,000
  • Address: 301 South Salina Street
  • Market: Syracuse
  • Square Footage: 42,000
  • Price Per Square Foot: $30

Jason Hoffman, representing Seagate Asset Management, served as the buyer in this transaction. The deal was facilitated by Martin McDermott from JF Real Estate as the broker.

Seagate Asset Management, led by Jason Hoffman, is currently engaged in active discussions with various potential tenants for the development site.

Players

Martin Mcdermott
JF Real Estate
Martin Mcdermott
2 deals$12.5M volume(315) 427-5737
BROKER
JH
Jason Hoffman
8 deals$19.3M volume
BUYER
Walgreens
Walgreens
SELLER

Details

SOLD
IMAGE: Jason Hoffman & Martin McDermott DATE: 11/26/2019 ADDRESS: 301 South Salina Street MARKET: Syracuse ASSET TYPE: Development Site SALE PRICE: $1,300,000 SF: 42,000 PPSF: $30 SELLER: Walgreens Corp. BUYER: Jason Hoffman – Seagate Asset Management BROKER: Martin McDermott – JF Real Estate NOTE: Seagate is in active discussions with a variety of tenants across […]

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