20 Gateway Drive Plattsburgh

Gateway Industrial Park
Investment Highlights
Price:
Location:
Building Size:
Land Available:
$6,600,000
Plattsburgh, NY
185,000 SF
4 Buildings
58 +/- Acres
 Empire Zone property which affords
qualified tax benefits and other NYS
incentives to qualified businesses
 Ideally located off I-87 at Exit 40 and
only 60 miles from Montreal, Quebec
 Mostly long term tenants
 Buildings and ground well maintained.
Exclusively Listed:
NEIL FESETTE, CCIM
Broker, Owner
Fesette Realty, LLC Commercial
176 US OVAL Plattsburgh, New York 12903
518.324.4500 office I 518.726.0149 cell
WWW. FESETTECOMMERCIAL.COM
Tenant Information
20 Gateway Drive
Crowley Foods
Suite 100
2,500 Sq. Ft.
Crowley Foods is part of HP Hood LLC, one of the largest branded dairy operators in the
United States; Crowley manufactures and distributes products throughout Upstate New York.
Crowley headquarters are in Binghamton, N.Y. In operation since 1904.
Semer
Suite 200
5,000 Sq. Ft.
Semec specializes in design, manufacturing and refurbishing of electromechanical systems
and sub-systems for the Transit industry. Manufacturing and wiring of Car Operating Panels
for the Elevator industry. Expertise in engraving of parts: steel (plain and stainless),
aluminum, brass and plastics. In operation since 1991.
Vacant
Suite 300
5,000 Sq. Ft.
Asmodee
Suite 400-500
37,900 Sq. Ft.
Asmodee US is the North American subsidiary of Asmodee Groupe, serving Canada and the
USA. They distribute for 13 different game companies. Asmodee is one of the most
important board game and trading card game distributors in Europe. Asmodee is also wellknown as a game publisher, and is globally successful in board games. Headquarter out of
Montreal, Quebec.
35 Gateway Drive
Videotec
Suite 100
9,000 Sq. Ft.
Videotec manufactures in-house a wide range of CCTV products recognized for high
performances, flexibility and style. They lead the field in the development of robust, reliable
and high performances mechanical and electronic products for surveillance applications. In
operation since 1986. Headquarter in Schio, Italy.
SkyKo International, LLC
Suite 201
3,000 Sq. Ft.
SkyKo International LLC manufacture ground power connectors for the airline industry
and power cable assemblies for the undersea operations sector. In operation since 1986.
Headquarter in Putnam, Connecticut.
American Thrust Tobacco, LLC Suite 202-300
6,000 Sq. Ft.
Tobacco supplier for cigarette machines, cigarette tubes and accessories. Online retailer
and distributer.
USPS
Suite 400
12,000 Sq. Ft.
United States Postal Service – Mail Distribution Center
Tenant Information
42 Gateway Drive
Hartson Total Opening
Suite 100
18,000 Sq. Ft.
Hartson Total Opening, Inc. is a stocking distributor of many products, including hollow metal
doors and frames, wood doors, and a variety of hardware. In operation since 2008. Local
Owned Business.
Europe Labs
Suite 200
6,000 Sq. Ft.
European Skin Care Company
Normont
Suite 300-400
12,000 Sq. Ft.
Famous Home Fashions
Suite 500
24,000 Sq. Ft.
Famous Home Fashions is a premier manufacturer of high quality shower curtains and
coordinate bathroom accessories. Business to Business supplier. Headquarter in Montreal,
Quebec.
Tenant
Address
suite
Crowley Foods
Semec
vacant
Asmodee
20 Gateway
20 Gateway
20 Gateway
20 Gateway
100
200
300
400 - 500
Videotec
SkyKo
American Tobacco
USPS
35 Gateway
35 Gateway
35 Gateway
35 Gateway
Hartson Total Opening
SF
rent/yr
term start
term end
2,500
5,000
5,000
37,900
$18,600
$24,960
$24,960
$168,660
1/1/1994
1/1/2012
7/31/2012
4/30/2012
6/1/2011
100
201
202 - 300
400
9,000
3,000
6,000
12,000
$45,000
$17,100
$30,000
$84,000
100
Europe Labs
Normont
Famous Home Fashions
42 Gateway
42 Gateway
42 Gateway
42 Gateway
18,000
6,000
12,000
24,000
R&S - Normont
Office Systems
Vacant
Triwire Engineering
Mac Janitorial
Prime Services Center Inc
Bond Auto Parts
20 Trade Road
20 Trade Road
20 Trade Road
20 Trade Road
20 Trade Road
20 Trade Road
20 Trade Road
14
20
22
24
26
27
28
Expenses
Utilities
Property & School tax
Repairs and Maintenance
Insurance
20 Gateway
$1,412
$40,700
$4,000
$4,000
Manage/Accounting
Total Expenses
$5,000
Potential Rental Income
(-) Vacancy and credit loss (10%)
Effective Rental Income
(-) operating expenses
Net Operating Income
$855,339
$85,534
$769,805
$228,017
$541,788
rate
sf/yr
12/31/2013
$
$
$
$
7.44
4.99
4.99
4.45
9/1/2011
11/1/2006
8/1/2011
8/1/1996
8/31/2014
11/30/2012
7/31/2014
7/31/2016
$
$
$
$
5.00
5.70
5.00
7.00
$ 104,400
1/1/2008
12/31/2012
$ 5.80
$ 34,800
$ 63,000
$ 84,000
8/1/2003 7/31/2014
8/1/2008 7/31/2013
11/1/2001 mo - mo
7,500
5,600
3,700
3,156
3,550
1,250
6,250
171,406
$30,000
$32,778
$16,650
$19,603
$21,846
$7,250
$27,732
$855,339
5/1/1999
5/1/1999
35
Gateway
$500
$29,600
$4,000
$4,000
42 Gateway
$
500
$ 55,500
$
5,000
$
6,000
20 Trade
$8,847
$24,757
$18,855
$2,932
Totals
$11,259
$150,557
$31,855
$16,932
$5,000
$
$2,414
$17,414
$228,017
200
300 - 400
500
5,000
Mo - Mo
7/31/2012
$ 5.80
$ 5.25
$ 3.50
$4.00
$5.85
$4.50
10/1/2010 5/31/2014 $6.21
6/1/2011 10/31/2013 $6.15
4/1/2010 3/31/2013 $5.80
11/1/2007 10/31/2017 $4.44
$4.99