497 West 129th Street

Jones Lang Lasalle (“JLL”) has been exclusively retained to market the sale of 497 West 129th Street (“The Property”), a distinctive ~11,000 square foot, block-through industrial building in Manhattan. Strategically positioned between Convent and Amsterdam Avenues, the building offers dual frontage via West 129th and West 130th Streets. The ~55’ wide facility features a curb cut with drive in access on West 129th Street, sloped ~40’ ceilings, and column free spacing allowing for optimal distribution processes. The rare zoning conditions allow industrial and logistics users access to an area previously rezoned.

The Property is subject to a lease agreement with an investment grade tenant, Amazon (S&P: AA-), with the primary term expiring on October 31, 2027. Amazon is in the second (2nd) year of the initial three-and-a-half (3 ½) year lease term, and the lease includes one (1), four (4) year extension option. The lease operates under a net lease structure, with Amazon responsible for all major expenses including real estate taxes, insurance, management fees, and miscellaneous costs. Upon sale, Amazon will be in the third year of its lease term with annual payments of $583,495. Amazon uses the property as a true last mile delivery facility for sub-same day delivery, delivering millions of packages per year from the site.