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Retail

Hannaford Plaza

Albany, NY

131,130 SqFt

Built in 1960

Core

Investment Highlights

  • Pricing is substantially below replacement cost at $83 psf
  • The Center Generates a Substantial 5% Compounded Growth In Cash Flow (CAGR) Over 10 Years, about Half From Contractual Rent Increases and Half From Leasing Vacancy
  • Hannaford Plaza Services the 20,000 Students and Faculty of SUNY University of Albany just 1 Mile Away
  • Dense Population of 120,00 People Within Just 3 Miles Provides Enormous Depth of Consumer Demand

Exclusively listed by

  • James M. Koury

    Senior Managing Director Investments

    Boston, MA

    (617) 896-7231

    jkoury@ipausa.com

    Boston, MA

    License(s): MA: 9010104, RI: REB.0014481, NH: 005566, ME: DB904355, NY: 10301206120, CT: REB.0755412

Broker of Record

J.D. Parker

Broker of Record

(212) 430-5100

License(s): NY: 10311204323

New York

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