Asset Type: Real Estate
Estate: Fee Simple
Year Built: 1987
Number of Floors: 1
Property Size: 73,825 SF
Property Type: Industrial
Occupancy %: 100
Land Area: 7.54 Acres
Number of Units: 1
Investment Highlights
- Fully leased to TransAct Technologies, Inc.
- Tenant in place since 1989.
- 73,825 SF purpose-built industrial facility.
- Located in Ithaca near the Cornell Business and Technology Park and adjacent to Ithaca Tompkins International Airport. Minutes from Cornell University and Ithaca College.
- Includes 18,066 SF office, 48,259 SF manufacturing, and 7,500 SF warehouse. Features four loading docks, 3-phase power, sprinklers, and municipal utilities.
- 102 parking spaces with ample loading and circulation.
- Triple net lease with scheduled increases.
20 Bomax Drive
Offered for sale is a fully leased 73,825 SF industrial facility in Ithaca, custom built for TransAct Technologies, Inc., the current tenant since 1989. The property is located near the Cornell Business and Technology Park and adjacent to Ithaca Tompkins International Airport, with convenient access to regional routes and major institutions including Cornell University and Ithaca College.
The building includes 18,066 SF of office space, 48,259 SF of light manufacturing, and 7,500 SF of warehouse, with four loading docks, 3-phase power, sprinklers, and 102 parking spaces. The triple net lease runs through May 31, 2031 with scheduled increases, providing stable income from $480,265.50 to $520,164.48.
This is a rare opportunity to acquire a purpose-built industrial asset with long-term tenancy in a premier Ithaca location.
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