968 Albany Shaker Road

Latham, NY 12110

About The Property

CAMPUS Headquarters AVAILABLE FOR LEASE

Offered for sublease is ±142,405 SF facility in Latham, NY on approximately +/- 25 acres. This property is currently utilized by Plug Power for its office and manufacturing headquarters.  

The Campus consists of four separate buildings and includes a parcel of developable land with the possibility for expansion.

Campus Highlights

  • Water & Sewer

    Municipal water (8 inch entering building 3, 6 inch entering building 1) and sewer (10 inch low pressure with pump station).

  • Utilities

    Natural gas and electric supplied by National Grid.

  • Sprinkler System

    Full sprinkler system throughout the entire campus.

  • Data & Security

    Key card access throughout and full temperature controlled data/server room in Building 1.

  • Office Space

    Building 1 is a modern Class A office space

  • Expansion Possibilities

    The campus has room for additional buildings and Building 3 has an Expansion Plan for an additional +/-50,000 SF

  • ADA Compliant

    Elevator access and other accessibility features.

  • Parking

    Approximately 405 parking spaces with room for expansion.

  • Shipping & Receiving

    Features a total of (6) overhead doors of various sizes and (4) 8’x10’ loading docks with levelers.

  • Manufacturing & Warehouse

    Up to 24’ ceilings heights in lab/manufacturing/warehouse space

Building Features

Building 1 - 33,405 SF

Class A Office | 98 Offices | 118 Cubicles | Break/Lunch Room

Building 1 Features

  • First Floor - 89 Workstations
  • First Floor - 16 Offices
  • First Floor - 3 Conference Rooms
  • 1 Elevator - ADA Compliant
  • Second Floor - 28 Workstations
  • Second Floor - 37 Offices
    • 3 large offices into 6 smaller offices
  • Second Floor - 3 Conference Rooms
  • Second Floor - 1 Board Room
  • Sprinklered Throughout
  • Electric - MDP 1 & 2 - 480/277v 800amp MDP 3 - 480/277v 600 amp
  • Ceiling height - First Floor to second floor deck 11' 6", to ceiling varies from 8' 0" to 9' 10"

Building 2 - 49,500 SF

Lab/Manufacturing/Warehouse

Building 2 Features

  • First Floor 13 Workspaces
  • First Floor 3 Offices
  • Large Open Warehouse Space
  • 40x40 Column spacing
  • Sprinklered Throughout
  • Electric - MSB 408/277v 1600amp
  • Ceiling height varies to roof deck 21' 8" to 23' 1-1/2" Varies to bottom of girder truss 18' 0" to 19' 5-1/2" 

Building 3 - 58,500 SF

Lab/Manufacturing/Warehouse

Building 3 Features

  • Great Flex Building
  • 20+ Private Offices
  • Sprinklered Throughout
  • Ceiling heights vary to the roof deck from 10'0" to 17'4" and also vary to the bottom of beams/girders/ceilings from 8'0" to 16'0" 
  • 2 Conference Rooms
  • Open Floor Plan
  • Substantial Power Distribution
  • Ability to expand to 50,000 SF

Building 4 - 1,000 SF

Garage/Maintenance Building

Building 4 Features

  • Approximately 1,000 SF
  • 12' Ceiling height
  • 2 Overhead doors
  • Grade level entry
  • Temperature controlled

Property Photos

Click Photos to Enlarge Them

Building 1 Photos

Building 2 Photos

Buildings 3 & 4 Photos

Plans & Surveys

±142,405 SF across three buildings on approximately ±25 Acres. Possible expansion opportunities shown in blue below.

Building 1

1st Floor Plan
2nd Floor Plan

Building 2

1st Floor Plan
2nd Floor Plan

Building 3

Floor Plan

Financial Information

For Sub-Lease - $7.95/SF Absolute Net

  • Rent – $7.95/SF Absolute Net x 142,405 SF = $1,132,120 per year / $94,343/month
  • Operating Expenses
    • Property Taxes – $320,760 (2023)
    • Insurance – $40,000
    • Maintenance & Repair – $250,000
    • Utilities – Per Tenant
    • Janitorial/Trash – Per Tenant

Our Team & Contact Information

Daniel C. O'Brien

Daniel C. O'Brien

President - NAI Platform
Joseph Sausto, ESQ

Joseph Sausto, ESQ

Associate Broker
Tony Catalano

Tony Catalano

Real Estate Salesperson

Email us through the form below

Two of the listing agents, Daniel C. O’Brien and Joe Sausto, are also the owners of the property. We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We include projections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisors should conduct your own investigation of the property and transaction.

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