Transaction: Multi-Property Sale
Deal Size: 3 separate sales totaling $7,150,000
Client: Albany Park Ride N Fly
Description: After over 30 years in business and changing business trends, the ownership engaged in the sale of 3 sites in one of the regions most desirable industrial and commercial corridors. Each site had unique attributes and were sold to different purchasers over the course of 18 months. The overall site was uniquely positioned because of its low coverage and high parking capabilities as well as visibility from the Northway.
The final sale prices represent the highest p/sf and per acre pricing comp in the Capital Region for this asset type.