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All Medical Arts - 8.54% Cap Rate 792 Harrison Ave 20,000 SF 100% Leased Office Building Riverhead, NY 11901 $9,422,460 CAD ($471.12 CAD/SF) 8.54% Cap Rate
EXECUTIVE SUMMARY
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.
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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Office
Property Subtype
Medical
Building Size
20,000 SF
Building Class
B
Year Built
2009
Price
$9,422,460 CAD
Price Per SF
$471.12 CAD
Cap Rate
8.54%
NOI
$804,336 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
20,000 SF
Building FAR
0.20
Lot Size
2.30 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
125 Spaces (6.25 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 0600-108-00-04-00-004-000 | Improvements Assessment | $519,282 CAD |
| Land Assessment | $24,987 CAD | Total Assessment | $544,269 CAD |
PROPERTY TAXES
Parcel Number
0600-108-00-04-00-004-000
Land Assessment
$24,987 CAD
Improvements Assessment
$519,282 CAD
Total Assessment
$544,269 CAD
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All Medical Arts - 8.54% Cap Rate | 792 Harrison Ave
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