REO Sale: Staples & PetSmart Anchored | Latham Crossing

Starting Bid: $1,750,000

Auctioneer: Ralph Passono, Jr.

Auctioneer Company: c/o Fisher Auction Company Inc.

Auctioneer License: 1

Auctioneer License 2: NY Broker No.:10311203946

• Four National Tenants Anchor 68,856 SF: PetSmart, Staples, Chuck E. Cheese & Panera Bread occupy the 9.95-acre center.

• 14,655 SF Vacancies Drive Upside: Two vacant spaces totaling 14,655 SF offer a clear path to grow in-place NOI at lease-up.

• Anchored at Metro Albany's Retail Gateway: Site fronts I-87 and Route 9 near Latham Farms, a 900,000 SF power center with Sam's Club.

• Panera's New Long-Term Freestanding Lease: Panera signed a recently executed long-term lease for its freestanding 6,400 SF pad building.

Brokered by Atlantic Capital Partners and powered by RealINSIGHT Marketplace, 601-605 Troy Schenectady Rd in Latham, NY is an 83,511 SF community shopping center anchored by PetSmart, Staples, Chuck E. Cheese, and Panera Bread on a 9.95-acre site. The offering is the leasehold interest in the property, which is subject to a ground lease through 2057. Panera recently signed a long-term lease for its freestanding pad, and two vacant spaces totaling 14,655 SF offer a buyer the opportunity to grow in-place NOI through lease-up. Positioned along Troy-Schenectady Road (Routes 2 & 7) just off I-87, which carries 95,130 vehicles per day, the property sits adjacent to Latham Farms, a 900,000 SF power center anchored by Sam's Club, Home Depot, Hannaford, and Dick's Sporting Goods. The trade area benefits from dense, affluent demographics and proximity to University at Albany, Siena College, and Rensselaer Polytechnic Institute, supporting durable retail demand in one of Metro Albany's most active corridors. Buyers should confirm current lease status and rent roll directly, as certain tenant terms reflected in underlying diligence materials may have changed.

View details and diligence materials on RI Marketplace: