Orange County Choppers Newburgh Building Heading to Auction

Bryan Harley | January 29, 2016

The building and property that houses Orange County Choppers (OCC) headquarters is going on the auction block. The 61,305 square-foot building is being listed by auction.com with the sale slated from March 7 to March 9. Starting bid for the eight-year-old building is $900,000. The auction.com description of the property at 14 Crossroads Court, Newburgh, New York states:

“The core business of the current tenant is the manufacturing of customized motorcycles. The current layout of the 61,305± SF building is: a combined 20,000± SF for retail store, restaurant, and bowling alley operations on the 1st floor of building adjacent to the showroom displaying their customize motorcycles and the industrial portion of the building. The second floor office space has been vacated by the tenant and could be leased to other tenants. The property has a total of 178 parking spots with large portion of the parking available in covered garage below the building.”

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OCC has not owned the building for years as GE Commercial Finance Business Property Corp. was deeded the establishment in December of 2011. GE held two mortgages with OCC for the property and started to foreclose on it in 2010 for unpaid mortgage payments. After acquiring the deed, GE then leased the property back to Orange County Choppers Realty and OCC has continued to conduct business at the site since. Ownership of the building switched hands when BRE East Mixed Asset Owner LLC of Dallas, Texas, bought it.

And while the building will soon be changing hands once again, Orange County Choppers Facebook page says they are not going anywhere.

“There is a lot of media traffic on the sale/auction of the building located in Nebwurgh NY. OCC has not owned the building for years and is a tenant. We have a long lease and here to stay!”

A representative at OCC confirmed that they haven’t owned the building for over four years but have a 10-year lease signed in September of 2015 that its new owners are obligated to honor.

Below is a copy of the auction.com listing.

Property Details (14 Crossroads Court, Newburgh, NY 12550)
Asset Type Commercial
Starting Bid $900,000
Bid Deposit Amount $10,000
Property Crossroads Court (Mixed-Use)
Property Description 61,305 SF Mixed-Use Property Plus 1-Acre Located in Newburgh, NY
Assessor’s Parcel Number 69-0016913 and S.95-B.1-L.47.2
Square Footage 97,093
Net Rentable Area 61,305
Lot Size (acres) 4.27
Year Built 2008
Number of Buildings 1
Number of Stories 2
Occupancy 64.0(%)
Occupancy As of Date 09/01/2015
Net Operating Income (NOI) $415,000
NOI As Of Date 12/31/2015
Broker Co-Op Contact Listing Broker
Event Item # B175-101
Property ID 193037254
Buyer’s Premium 5% of Winning Bid Amount (A minimum may apply).
Description for 14 Crossroads Court, Newburgh, NY 12550

Property showings will be offered on Thursday, February 25th and Thursday, March 3rd between 10:00 AM to 1:00 PM local time. Please contact the listing broker to RSVP.

Auction.com and CBRE are pleased to present an opportunity to acquire a 61,305 SF mixed-use property and approximately 1 acre located in Newburgh, NY. Orange County Choppers, the single tenant occupier of the space, currently has a mix of office, industrial, retail, dining and bowling alley in the recently built two-story building. The brand recognition of the current tenant is the result of a popular reality television show which showcased their operations leading it to become a destination location for local residents and fans from a wide geography. The property is prominently located at the intersection of the New York State Thruway (I-87), I-84 and U.S. Route 17K allowing easy access and visibility. The property is also adjacent to Stewart International Airport served by JetBlue, Delta and US Airways.

Nearly 25% of all Orange County residents (83,228±) live within a 5-mile radius of the Property with over 25% of all those residents being 17 years or younger which bodes well for the family friendly environment the property offers, with activities such as bowling and tours of the motorcycle assembly line in the industrial portion of the building.

The property was built in 2008 specifically for the current tenant. The core business of the current tenant is the manufacturing of customized motorcycles. The current layout of the 61,305± SF building is: a combined 20,000± SF for retail store, restaurant, and bowling alley operations on the 1st floor of building adjacent to the showroom displaying their customize motorcycles and the industrial portion of the building. The second floor office space has been vacated by the tenant and could be leased to other tenants. The property has a total of 178 parking spots with large portion of the parking available in covered garage below the building.

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Bryan Harley

Cruiser Editor |Articles | Our resident road warrior has earned his stripes covering the rally circuit, from riding the Black Hills of Sturgis to cruising Main Street in Daytona Beach. Whether it’s chopped, bobbed, or bored, metric to ‘Merican, he rides ‘em all.

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