Realterm has acquired a 12,000-square-foot final mile distribution facility at 4825 Baldwin St. in the Bronx, New York. The fully leased warehouse sits on 2.4 acres and has 29 loading positions – two dock-high, three drive-in and 24 van-high loading positions.
“This property is advantageously located with easy access to the Bronx and Westchester County,” said Derek Fish, vice president of acquisitions, Realterm. “With strong income demographics and excellent user demand in the region, this asset is perfectly positioned to serve the needs of distribution users.”
Only minutes away from Interstates 87, 95 and 278, 4825 Baldwin Street can service more than 3.1 million residents within a 10-mile radius.
“While the greater New York City region is a leading final mile market, it has high barriers for new development, making properties like 4825 Baldwin Street a valuable addition to our portfolio,” said Ed Brickley, managing director and senior fund manager, Realterm.
Isaac Ilkhanov of Stelth Group represented Realterm and facilitated the sale.
