Corporate Headquarters & Manufacturing Facility

318 & 358 Timothy Lane, Ontario, NY
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Building Sq. Ft.:
123,775 SF
Site Size:
6.65 Acres

Investment Highlights

  • 100% leased multi-tenant industrial asset leased to Harbec Inc. and Greenspark Solar. Harbec occupies 89% of the property and has 12 years remaining on their NNN lease with 3% annual rental increases.
  • Significant Tenant Investment – Harbec recently spent approximately $5mm to install new overhead cranes, compressed air systems, rework electrical wiring, and purchase new equipment.
  • Mission critical, corporate HQ facility – This is Harbec’s, a turnkey contract manufacturing service provider for the aerospace and medical industries, sole location. The tenant was recently acquired by Addman Engineering.
  • Attractive Basis – Priced well below replacement cost at approximately $82 per square foot.
  • Highly functional building with with 21-24 foot clear heights and warehouse/manufacturing space making up about 88% of the footprint. There is also a rail spur.
    Situated along NY-104 (30,000 VPD) which connects Rochester and Syracuse.

Listing Agents

phil digennaro stream capital partners

Philip DiGennaro

Managing Director
203 610 1541
[email protected]

Connor Shell

Managing Director
407 913 9009
[email protected]

Graham Gold

Vice President
314 324 8792
[email protected]

Broker Of Record: Michael Antonplos, Lic: NY- 109923763

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