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505 NYS RTE 208 29,915 SF 87% Leased Office Building Monroe, NY 10950 $2,750,000 ($91.93/SF) 7.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Highway access directly across the street
EXECUTIVE SUMMARY
-Presenting an exceptional opportunity to acquire a fully leased, triple net (NNN) investment property located at 505 Route 208, Monroe, NY. This property is currently occupied by Hudson Valley Radiology of RadNet Inc, a well-established leader in the medical imaging industry nationwide. Located across the street from Rt 17/86 entrance and backs up to a picturesque lake. 8 years left on the lease.
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Sale Condition
Bulk/Portfolio Sale
Property Type
Office
Property Subtype
Medical
Building Size
29,915 SF
Building Class
B
Year Built
1980
Price
$2,750,000
Price Per SF
$91.93
Cap Rate
7.67%
NOI
$211,058
Percent Leased
87%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
14,958 SF
Building FAR
0.34
Lot Size
2.00 AC
Zoning
GB - Medical Offices
Parking
192 Spaces (6.42 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
Medical office space currently leased to Sabel Abalibel within a professionally operated medical office building, located in a highly populated and well-established community with strong demand for medical services.
| Space | Size | Space Use | Condition | Available |
| 1st Fl-Ste 16 | 4,000 SF | Office | Full Build-Out | Now |
1st Fl-Ste 16
| Size |
| 4,000 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 16
| Size | 4,000 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
Medical office space currently leased to Sabel Abalibel within a professionally operated medical office building, located in a highly populated and well-established community with strong demand for medical services.
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PROPERTY TAXES
| Parcel Number | 332089-064-000-0001-001.000-0011 | Improvements Assessment | $26,200 |
| Land Assessment | $3,500 | Total Assessment | $29,700 |
PROPERTY TAXES
Parcel Number
332089-064-000-0001-001.000-0011
Land Assessment
$3,500
Improvements Assessment
$26,200
Total Assessment
$29,700
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505 NYS RTE 208
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