North State Optum Medical
Excellent Investment property with Optum Medical as major tenant. Suitable for 1031 Exchange
Marketing description
8000 s.f. Medical/Retail, Suitable for 1031 Exchange; Very little management, 1 small vacancy, 77% leased to Optum Medical for 5 years, other lease 5 years to Barber Shop (6%) Small vacancy suitable medical, optical, or office use.
Medical Practice includes a very busy and successful Pediatrics Unit serving surrounding communities including Briarcliff, Ossining, Pleasantville, Chappaqua, and Millwood. Other practices under the Optum umbrella include Adult Primary Care, Endocrinology and Metabolism, and a Lab Draw Station.
Very clean — maintenance and management free investment property showing a 6.5% return year 1 fully leased.
3% annual rent increases go directly to the bottom line for added income and return on investment
Investment highlights
Net Net leases with all operating expenses and taxes covered
6.5% return when fully leased (year 1) with base rents increasing at 3% per annum
Very clean — maintenance and management free investment property showing a 6.5% return year 1 fully leased.
3% annual rent increases go directly to the bottom line for added income and return on investment
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