Widewaters Medical Office Building
Value Add Medical Office
Marketing description
Widewaters MOB is a one-story medical office building containing 29,432 square feet and housing
3 tenant spaces. The tenant suites and lobby area are of high-quality with upgraded finishes and lighting. The vacant space is in move-in condition with minimal Landlord investment required. Tenant leases provide for annual rental increases and for reimbursement of expenses over a base year.
Investment highlights
Widewaters Medical Office Building is strategically located close to 4 major hospitals and 13 miles from the new Micron semiconductor facility which is expected to transform the entire Syracuse market. The Widewaters Medical Office Building is being offered for sale at $146/psf - significantly less than replacement cost.
This offering presents an excellent opportunity for an investor to acquire a medical office building occupied by (i) a major physician practice; and (ii) a private equity-backed medical tenant located in a dominant business park in Syracuse – within 13 miles of the new Micron project. There is significant in-place cash flow and solid upside potential through (i) the lease-up of the vacant unit; and (ii) the extension of one of the leases.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
