Listed by McGrath Realty Inc Hopewell Junction
$785,000
31-59 Peach Place
Details
APN 330900-054-000-0002-043.100-0000
Property Type Industrial, Office
Sub Type Warehouse, Medical Office
Square Footage 3,864
Net Rentable (SqFt) 3,864
Units 18
Cap Rate 6.99%
NOI $54,906
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 3
Lease Expiration 06/13/2026
Rent Bumps Yes
Lease Options Two successive 3-year renewal terms
Price per SqFt $203
Year Built 1998
Buildings 1
Acreage 0.960
Zoning SR-3B
Parking Spaces spaces
Tenant Credit Corporate Guarantee
Lease Commencement 06/14/2023
Ground Lease No
Ceiling Height 14
Dock High Doors 3
Industrial Flex NNN Rented
Marketing description
Purpose-built ambulance facility delivered in 1998, projecting $54,906 in Year 1 NOI under the First Renewal Term, running through June 2029 with one additional 3-year option through June 2032. Single-tenant NNN with CPI-or-3% escalators. Tenant has executed First Renewal Term amendment under identical terms, with the corporate guaranty expressly extended. Available as a standalone acquisition or as part of a three-property portfolio across Newburgh, Middletown, and Kingston (69 Dickson St, 31-59 Peach Pl, 52-60 Cornell St).
Listing Contacts
Listed by McGrath Realty Inc Hopewell Junction
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$54,906.00
$4,575.50/mo
Valuation Metrics
0
DSCR
6.99%
Cap Rate
6.99%
ROI
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