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South Hill Business Campus

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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

Mark Pomella

VICE PRESIDENT | INVESTMENT SALES

Dave Gollenberg

SENIOR ASSOCIATE | INVESTMENT SALES

John Snee

SENIOR ASSOCIATE | INVESTMENT SALES
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