New York State Police Acquires 180K SF Office Space In Albany For $12M
17 Corporate Woods Boulevard
$12,000,000
$66/SF
Building Size
180,000 SF
Asset Type
Office
Closing
Oct 19, 2023
About this deal
AI
The 180,000-square-foot data center and office space located at 17 Corporate Woods Boulevard in Albany was sold for $12 million. The buyer of the property is the New York State Police, while the seller is Nancy Carey Cassidy, representing Picotte Cos. The transaction closed on October 19.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $12,000,000
- Address: 17 Corporate Woods Boulevard, Albany
- Market: Albany
The New York State Police acquired the 180,000-square-foot data center and office space at 17 Corporate Woods Boulevard from Nancy Carey Cassidy, who represented Picotte Cos. The transaction, which closed on October 19, involved a sale price of $12 million.
Players
Albany Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Albany office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93