20 Bomax Drive
20 Bomax Dr
Ithaca, NY 14850
Highlights
- Fully Leased Investment Opportunity – 100% occupied by TransAct Technologies, Inc. (NASDAQ-listed tenant).
- Long-Term Occupancy – Tenant in place since 1989, demonstrating long-term commitment and operational stability.
- Institutional-Quality Asset – 73,825 SF purpose-built industrial facility.
- Strategic Location – Located in Ithaca within one of the region’s strongest industrial corridors.
- Premier Business Park Setting – Just off the entrance to Cornell Business and Technology Park.
- Immediate Airport Access – Adjacent to Ithaca Tompkins International Airport for convenient regional and national travel.
- Proximity to Major Institutions – Minutes from Cornell University and Ithaca College.
- Diverse Building Configuration – 18,066 SF Class A office | 48,259 SF light manufacturing | 7,500 SF high-bay warehouse.
- Strong Industrial Infrastructure – 4 elevated loading docks, 3-phase power, fully sprinklered, municipal water & sewer.
- Ample Parking & Circulation – 102 parking spaces with parking on three sides and generous truck loading areas.
- Enhanced Employee Environment – Cafeteria, 30’ atrium ceiling, campus-style setting near the Finger Lakes.
- Stable Public Company Credit – Tenant trades on the NASDAQ, providing strong credit profile.
- True NNN lease with scheduled increases.
Description
Offered for sale is a fully leased, 73,825 SF industrial facility in Ithaca, custom built for the current tenant, TransAct Technologies, Inc., which has occupied the property since 1989. TransAct is a publicly traded company on the NASDAQ, providing long-term tenancy and operational stability.
The property is ideally located within one of Ithaca’s strongest industrial corridors, just off the entrance to the Cornell Business and Technology Park and adjacent to Ithaca Tompkins International Airport. This strategic location offers immediate access to regional and national transportation routes and is minutes from Cornell University and Ithaca College, as well as the amenities of the Finger Lakes region.
The building features 18,066 SF of Class A office space, 48,259 SF of light manufacturing space, and 7,500 SF of high-bay warehouse space. The facility includes four (4) elevated loading docks, 3-phase power, full sprinkler coverage, municipal water and sewer, a cafeteria, and a dramatic atrium with 30-foot ceiling heights. The site provides 102 parking spaces with parking on three sides of the building, along with ample area for truck loading and circulation.
This is a triple net lease expiring May 31, 2031 with scheduled increases. 2025-2026 Annual Rent is $480,265.50. The annual rent in the final year of the lease is $520,164.48. Providing stable and increasing income.
This offering presents a rare opportunity to acquire a purpose-built, institutional-quality industrial asset with a long-standing public company tenant in a premier Ithaca location.
This property offers a premier location within one of the strongest industrial markets in Ithaca.
Strategically positioned just around the corner from the entrance to the Cornell Business and Technology Park and adjacent to Ithaca Tompkins International Airport, the site benefits from exceptional accessibility and proximity to key economic drivers.
Cornell Business and Technology Park is a premier suburban office and technology hub serving the greater Ithaca region. Located minutes from Cornell University in Lansing, the park is designed to bridge academic research with real-world business applications. It offers a dynamic mix of office, laboratory, technology, manufacturing, and research space for a diverse range of private and public enterprises. The park’s mission is to foster innovation, strengthen the local economy, and create meaningful connections between the university and the broader business community.
Direct adjacency to Ithaca Tompkins International Airport enhances convenience for regional, national, and international business travel. The location is also in close proximity to Ithaca College and the amenities, recreation, and natural beauty of the Finger Lakes region. Tenants benefit from a campus-like setting featuring walking trails, scenic ponds, and a professionally maintained environment that supports both productivity and quality of life.
