Property Details

Overview

Cash flowing investment property with an established medical tenant. The property produces $151, 845 in Net Operating Income with 2% annual escalations on an absolute triple-net lease. This investment is offered at a 7.5% capitalization rate. The Building is in excellent condition and well maintained. The current 10 year lease has approximately 8 years remaining. Busy commercial location with a traffic count of 12, 271 vehicles per day, located 1.5 miles to I-84 and 4 miles to I-87 which provides easy access to/from Dutchess, Rockland, Westchester, NYC, Northern NJ etc...

Key Facts

•Lot Size: 0.5438
•Taxes: $24,168
•Sale or Rent: Sale
•School District: Newburgh

Additional Features

•Parking Spaces: Yes
•Parking Facilities: Off Street, Parking Lot, Private

Interior & Utilities

•Heat: Forced Air, Oil
•A/C: Central Air
•Water: Drilled Well
•Sewer: Septic Tank

Financial

•Taxes: $24,168

Listing Information provided courtesy of Keller Williams Realty 845-928-8000

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