O,R&L Commercial
Syracuse, NY O,R&L Commercial, LLC sold a 134,444 s/f former Sam’s Club for $5.575 million.
The retail building on 14.2 acres is located at 2649 Erie Blvd. Phil Marshall of O,R&L Commercial represented the buyer, Hampshire Venture Partners LLC, who will convert the building into a self-storage facility. Bill Anninos of CBRE Syracuse represented the seller, Sam’s Real Estate Business Trust.

O,R&L Commercial has offices in Branford and Rocky Hill, Conn.
New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,