Value Added Medical/Retail Center

Description:

Value Added Medical/Retail Center
1 hour From NYC
NNN leases a very Un-New York
Cap rate of 8.5%

Purchase price is very firm per the seller at $5,250,000. Seller will pay the 4% Real Estate Commission at this price only

Or

Should the executed purchase price be below $5,250,000, The buyer to pay the 4% Real Estate Commission

(this is deliverable while it is available)

This center has 18 stores which has been totally updated by the Seller...Originally built in the 70's
25,000 Vehicles a day traffic count
The center has tremendous visibility and excellent signage along with easy ingress and egress to I-84 &route 9.

This was on loopnet and emphasize and that was for lease only not for sale.......The loopnet lease posting has been taken down

The cap rate at c.O.E. For this value added retail & medical shopping center
Will be 8.5%. Raising the rents will increase the NOI further

This is a very dense retail area bring a tremendous amount of shoppers to the area...In the area there Home Depot, Sams, Walmart, etc.

There are 415 parking spaces, most of the tenants in this center have been there 10-15 years, 80% of the tenants are national tenants.

The center has 65,000 sq. Ft., the leases which are NNN are long term & stable leases...This center is on a very desirable hard corner.
Current net operating income is $422,495...........Cap rate is 8.5% with value add..................Cash on cash over 16%

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