537 N State Rd - Office FOR SALE


Briarcliff Manor Village, NY 10510
$3,800,000 USD
914-391-3187
537 N State Rd, Briarcliff Manor Village, NY for Sale
$3,800,000 USD
Office - FOR SALE
1/10
null | 6.5% Cap Rate

537 N State Rd
Briarcliff Manor Village, NY 10510


HIGHLIGHTS

  • Excellent candidate for 1031 EXCHANGE -- Limited Management and Low Maintenance
  • AAA Tenant--5-year leases with 3% annual rent increases
  • Attractive and well-maintained Medical Building located on the major commercial strip in Briarcliff; great visibility and exposure

OVERVIEW

EXCELLENT TARGET FOR 1031 EXCHANGE Prime Investment opportunity; Major Tenant Optum Medical Offices include a very active Pediatrics Practice, Adult Primary Care, Blood Lab, Endocrinology and Metabolism Barber Shop and 975 s.f. vacant suite. Building and Property are in excellent condition, and require minimal management and attention. Tenants are established and successful. Leases have several years to run, with 3% annual bumps in base rent VACANT SPACE AVAILABLE for LEASE: 975 s.f. First floor with 3 private offices and open area. Rent: $35.00 per s.f. NNN

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$475 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

537 Commons, LLC

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2002

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

GB

APN/PARCEL ID

4289-090-015-00000-000-0038-001-0-1

ASK ABOUT THIS PROPERTY

Kenneth HarbourHarbour Commercial Real EstateMore Info
914-391-3187

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Kenneth HarbourHarbour Commercial Real EstateMore Info
914-391-3187

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