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11911504
11911509

792 Harrison Ave, Riverhead, NY 11901

LO
NYS 10311201902
East End Commercial R E
Listed by East End Commercial R E
$6,995,000
501 days on market
Updated 33 days ago
Opportunity zone

8.45 Cap Rate - 100% Leased all Medical

Details
Property Type Office
Sub Type Medical Office
Square Footage 20,000
Net Rentable (SqFt) 20,000
Cap Rate 8.45%
NOI $590,947
Occupancy 100%
Tenancy Multi
Lease Type NNN
Price per SqFt $350
Year Built 2009
Buildings 2
Stories 1
Acreage 2.300
Zoning Commercial
Parking Spaces spaces

Medical Office | 20,000 SF

Marketing description

100% Leased - All medical tenants. Ideal for 1031 Exchange - turn key, start collecting rent. OPPORTUNITY ZONE PROPERTY - located in Qualified Opportunity Zone.

Solid stable tenants - majority are original tenants since construction. Built in 2009/10 - well maintained. Rent is under market - great upside.

Located very close to Peconic Bay Medical Center (Northwell Health) the regional hospital of Eastern Long Island.

Great location, excellent visibility. Plenty of parking directly in front of offices

PROOF OF FUNDS and NDA required for tenant info.


Investment highlights

  • 8.45% Cap Rate

  • OPPORTUNITY ZONE INVESTMENT

  • 100% Leased

  • NNN Leases

  • All Medical Tenants

  • All Office Suites on Ground Floor

  • Parking Directly in Front of Each Office

  • Close to Regional Hospital - Peconic Bay Medical Center / Northwell Health

Listing Contacts

LO
NYS 10311201902
East End Commercial R E
Listed by East End Commercial R E

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$590,947.00
$49,245.58/mo

Valuation Metrics

0
DSCR
8.45%
Cap Rate
8.45%
ROI

Map

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