INVESTMENT OFFERING
SAB Capital is pleased to present South Hill Business Campus in Ithaca, NY. This is an assemblage of a 216,000 square foot office building and approximately 57 acres of land. The property sits adjacent to Ithaca College which has over 6,000 students. The area is considered a high growth market, with over 33% population increase from 2010-2019.
- South Hill Business Campus in Ithaca, New York | The Seat of Tompkins County and Home to Ithaca College
- Ideally Located Adjacent to Ithaca College | A Consistently Ranked Top 10 Masters University in the Regional North by U.S News & World Report
- Leased Office & Industrial Business Campus | Also Includes Storage Spaces For Additional Rent
- Strong Local Demographics | High Growth Market | 33% Population Increase From 2010-2019 Within 3 Miles
- Growing Regional Economy | Tompkins County Led New York State in Private Sector Job Growth (3.7%) from 2017-2018
- Capital Commitment to the Area | More Than $360M in Commercial Development Approved in the Past Year
- Development Opportunity | Approximately 57 Acres of Land Surrounding Subject property
- Strong Rent Escalations | Most Either 5% or CPI
- Site Features a Number of Amenities | On-Site Cafe, Gym, Lake Views, and Plentiful Parking (1,200 spots)
- PUD Zoning Allows for Wide Range of Development
- Site is Located in an Opportunity Zone
Tenant | Price | Cap Rate | Lease Type | Square Feet | Status |
---|---|---|---|---|---|
South Hill Business Campus | $23,500,000 | 8.00% | NNN | 215,817 | Under Contract |