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537 Commons, LLC 537 N State Rd 8,000 SF 88% Leased Office Building Briarcliff Manor Village, NY 10510 $5,304,496 CAD ($663.06 CAD/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Excellent candidate for 1031 EXCHANGE -- Limited Management and Low Maintenance
- Attractive and well-maintained Medical Building located on the major commercial strip in Briarcliff; great visibility and exposure
- AAA Tenant--5-year leases with 3% annual rent increases
EXECUTIVE SUMMARY
EXCELLENT TARGET FOR 1031 EXCHANGE
Prime Investment opportunity;
Major Tenant Optum Medical Offices include a very active Pediatrics Practice, Adult Primary Care, Blood Lab, Endocrinology and Metabolism
Barber Shop and 975 s.f. vacant suite. Building and Property are in excellent condition, and require minimal management and attention. Tenants are established and successful. Leases have several years to run, with 3% annual bumps in base rent
VACANT SPACE AVAILABLE for LEASE: 975 s.f. First floor with 3 private offices and open area. Rent: $35.00 per s.f. NNN
Prime Investment opportunity;
Major Tenant Optum Medical Offices include a very active Pediatrics Practice, Adult Primary Care, Blood Lab, Endocrinology and Metabolism
Barber Shop and 975 s.f. vacant suite. Building and Property are in excellent condition, and require minimal management and attention. Tenants are established and successful. Leases have several years to run, with 3% annual bumps in base rent
VACANT SPACE AVAILABLE for LEASE: 975 s.f. First floor with 3 private offices and open area. Rent: $35.00 per s.f. NNN
DATA ROOM Click Here to Access
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Building Size
8,000 SF
Building Class
C
Year Built
2002
Price
$5,304,496 CAD
Price Per SF
$663.06 CAD
Cap Rate
6.50%
NOI
$344,792 CAD
Percent Leased
88%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
4,000 SF
Building FAR
0.18
Lot Size
1.00 AC
Zoning
GB - Permitted uses: Retail, Office, Medical and Professional Office, Personal Services, eating and drinking establishments, and more
Parking
40 Spaces (5 Spaces per 1,000 SF Leased)
AMENITIES
- 24 Hour Access
- Signage
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
| Space | Size | Space Use | Condition | Available |
| 1st Floor | 975 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 975 SF |
| Space Use |
| Office |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 of 2
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1st Floor
| Size | 975 SF |
| Space Use | Office |
| Condition | Full Build-Out |
| Available | Now |
PROPERTY TAXES
| Parcel Number | 4289-090-015-00000-000-0038-001-0-1 | Improvements Assessment | $2,741,317 CAD |
| Land Assessment | $949,996 CAD | Total Assessment | $3,691,313 CAD |
PROPERTY TAXES
Parcel Number
4289-090-015-00000-000-0038-001-0-1
Land Assessment
$949,996 CAD
Improvements Assessment
$2,741,317 CAD
Total Assessment
$3,691,313 CAD
1 of 11
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Harbour Commercial Real Estate
537 Commons, LLC | 537 N State Rd
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