Medical Office Portfolio | Auburn, NY - Associated Medical Professionals

192 Genesee Street, Syracuse, NY

$824,000

Price

6.5%

Cap Rate

$53,576

NOI

Overview
Cap Rate
6.5%
NOI
$53,576
Building Size
4,264 sqft
Occupancy
100%
Year Built
2000
Description

- Associated Medical Professionals of NY, PLLC corporate guaranteed lease
- The tenant has approximately 13 years remaining in the initial lease term with 1 (5-year) option periods to extend
- Rare 1% annual rental increases throughout the initial term starting 9/21/2021

- The subject property is located along Genesee Street (10,400 VPD), a northeast/southwest thoroughfare servicing the city of Auburn
- Nearby national/credit tenants include Kohl's, Dick's Sporting Goods, The Home Depot, Wegmans, Bass Pro Shops, and more
- Strong tenant synergy promotes crossover traffic to the subject area


Location
Gallery