Updated Aug 6, 2025
Green Mountain Electric Supply Acquires Two Warehouses In Clifton Park For $10 Million
602 Van Patten Drive & 620 Van Patten Drive
$10,000,000
Building Size
—
Asset Type
Industrial
Closing
Jul 30, 2025
About this deal
AI
A sale transaction occurred involving two industrial properties located at 602 Van Patten Drive and 620 Van Patten Drive in the Clifton Park market. The properties include a fully leased 110,000-square-foot building and a vacant 38,400-square-foot space that was formerly occupied by Plug Power. The sale price was reported to be $10,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,000,000
- Buyer: Green Mountain Electric Supply
- Seller: Robert Van Patten Jr - Country Club Acres Inc
- Location: Clifton Park
Green Mountain Electric Supply acquired the properties, which are strategically situated near I-87 Exit 10. The presence of a fully leased building suggests a stable income stream, while the vacant space offers potential for future use or leasing opportunities.
Players
Clifton Park Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93