Hannaford Plaza/Albany, NY

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Retail

Albany, NY

131,130 SqFt

Built in 1960

Core

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

Broker of Record

License(s): NY: 10311204323

New York