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29551252
29551251

55 Sturgis Rd, Monticello, NY 12701 For Sale

JD
NY NY 10301222946
Cushman & Wakefield Pyramid Brokerage Company - Newburgh, New York
PL
NY 10401388869
Cushman & Wakefield Pyramid Brokerage Company - Newburgh, New York
DS
NY 30SC0883059
Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
Listed by Cushman & Wakefield Pyramid Brokerage Company - Newburgh, New York, Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
$1,925,000
167 days on market
Updated 27 days ago

REDUCED: Medical Office Building at 55 Sturgis, Monticello

Details
Property Type Office
Sub Type Medical Office
Square Footage 8,868
Net Rentable (SqFt) 8,868
Cap Rate 9.64%
NOI $185,569
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $217
Class A
Year Built 2009
Stories 1
Acreage 1.300
Zoning office
Investment Type Stabilized
Tenant Credit Credit Rated
Ownership Private Individual
Sale Condition For sale by owner

Office | 9.64% CAP | 8,868 SqFt

Marketing description

Two good and stable medical tenants including a busy VA clinic in one of the best buildings in this submarket.

REDUCED to 9.64% cap rate.

Call us for more details.Property Highlights •Fully leased medical office building for sale: tenants are VA clinic and physical therapy practice •Located on Sturgis Road in the Village of Monticello, NY •Recently built in 2009 •Over 50 parking spaces on-site •Monument signage in front of the building •Conveniently located near ample local amenities and restaurants •Excellent accessibility just minutes from NYS Route 17 •Opportunity for investors in medical office buildings and government-leased buildings

Investment highlights

Two good and stable medical tenants including a busy VA clinic in one of the best buildings in this submarket.

REDUCED to 9.64% cap rate.

Call us for more details.

Listing Contacts

JD
NY NY 10301222946
Cushman & Wakefield Pyramid Brokerage Company - Newburgh, New York
PL
NY 10401388869
Cushman & Wakefield Pyramid Brokerage Company - Newburgh, New York
DS
NY 30SC0883059
Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
Listed by Cushman & Wakefield Pyramid Brokerage Company - Newburgh, New York, Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$185,569.00
$15,464.08/mo

Valuation Metrics

0
DSCR
9.64%
Cap Rate
9.64%
ROI

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Additional Information

Name
James DeSimone
License
NY 10301222946
Name
Paris Liston
License
10401388869
Brokerage
Pyramid Brokerage Company
Brokerage Phone
8455225900
Title
Real Estate Salesperson
Brokerage Address
356 Meadow Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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