Listed by Cushman & Wakefield Pyramid Brokerage Company - Newburgh, New York, Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
$2,320,000
55 Sturgis, Monticello
Details
Property Type Office
Sub Type Medical Office
Square Footage 8,868
Net Rentable (SqFt) 8,868
Cap Rate 8%
NOI $185,569
Occupancy 100%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Price per SqFt $262
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 | 8.00% CAP | 8,868 SqFt
Marketing description
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
Listing Contacts
Listed by Cushman & Wakefield Pyramid Brokerage Company - Newburgh, New York, Cushman & Wakefield Pyramid Brokerage Company - Buffalo, New York
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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
8%
Cap Rate
8%
ROI
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