250 Pettit Ave - Medical FOR SALE


Bellmore, NY 11710
$6,900,000 USD
813-697-1255
250 Pettit Ave, Bellmore, NY for Sale
$6,900,000 USD
Medical - FOR SALE
1/6
null | 7.15% Cap Rate

250 Pettit Ave
Bellmore, NY 11710


HIGHLIGHTS

  • Long Term Tenants
  • Schedule Rent Increases
  • Investment Grade Credit
  • Certificate of Need State
  • Recession & E-Commerce Resistant Tenant
  • Strategic Location

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the Fresenius Medical Plaza located at 250 Pettit Avenue in Bellmore, New York (the “Property”). The Fresenius Medical Plaza consists of 16,284 square feet and sits on 1-acre pf land. The four tenant Property is anchored by Fresenius Medical Care (“Fresenius”) Fresenius has 7+ years of term remaining, with one (1), 5-year renewal options. The Property is also home to Prine Health Medical Group, which occupies two suites in the plaza and Eric K Fanaee, MD, PC, who has just signed a new 5-year lease at the Property. The well-maintained Property also generates additional income by renting parking at the center on a month-to-month basis to a neighboring Property. The Fresenius Medical Plaza is ideally situated in the heart of Bellmore. The Property is positioned along Pettit Avenue in between Centre Avenue and Bedford Avenue and is across the street from the Bellmore Train Station. The Property is seconds from the Sunrise Highway (NY Route 27), the area’s primary commercial and commuter corridor, and is 1-mile from Wantagh State Parkway and 2-miles from Meadowbrook State Parkway, the two primary north south arteries connecting the South Shore with central Long Island and the North Shore. Seamans Neck Road, the Property has frontage and visibility along two streets (Pettit Avenue and Grand Avenue), and three points of access. The Property is surrounded by dense residential neighborhoods that provide a robust customer base. Bellmore is located on the southern shores of Long Island and is approximately 22-miles east of midtown Manhattan.

FOR SALE DETAILS

PRICE

$6,900,000 USD

PRICE/SF

$232 USD /SF

CAP RATE

7.15%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fresenius Medical Plaza

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

2089-56-288-00-0027-0

ASK ABOUT THIS PROPERTY

Chris KingHorvath & TremblayMore Info
813-697-1255

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Chris KingHorvath & TremblayMore Info
813-697-1255

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.