Frazer & Jones Co.

 Solvay (Syracuse MSA), NY

Asking Price


Cap Rate



Lease Type

Absolute NNN (SLB)


LL Responsibilities



Rent Increases

3% Annually


Strong Industrial Market

Syracuse MSA


Significant Lot Size

17.92 Acres

For more details on this exclusive listing

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  • Long-Term Absolute Net (NNN) Lease with Annual Rent Increases
    Upon close, Frazer & Jones will execute a brand new 20-year absolute triple-net (NNN) lease with tenant fully responsible for maintenance, insurance, taxes, and all operating expenses, providing the landlord with a low-maintenance investment opportunity. The lease will include annual rent escalators of 3%.
  • Accessible Location
    The property is ideally situated near the I-690 and I-81 highways, facilitating convenient access to vital regional road networks. Additionally, its close proximity to I-81, a significant north-south interstate highway stretching from the Canadian border to Tennessee, enhances its connectivity and accessibility to major transportation routes.
  • Significant Land Component with Close to 18 Acres
    The property consists of 17.92 acres, allowing for future expansion and increased potential for long-term appreciation.

  • Robust Operating History
    Frazer & Jones has been in business for over 150 years in Syracuse, New York, and is considered one of the largest Individual Ductile/Malleable foundries in the United States with over 90 million castings annually.
  • Strong Industrial Market
    The Syracuse industrial market has experienced solid growth in recent years attracting large multinational companies including Amazon, Lockheed Martin, WestRock and TTM Technologies, who recently announced plans to spend at least $100 million to expand its plant in Syracuse’s eastern suburbs.
  • Densely Populated Trade Area
    The property boasts 381,000 residents within a ten-mile radius and average household incomes exceeding $80,000.

Exclusively Listed By

Anthony Cohen

Vice President      310.456.4853
CA LIC. #02097395

Simon Lewis

Sr Investment Sales Analyst      213.246.5124
CA LIC. #02078068

In Association With
John Rotunno

Broker of Record
NY LIC. #10491208850


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