792 Harrison Ave, Riverhead, NY 11901

20,000 SF | 100% Leased | Office Building | Riverhead, NY 11901 | $6,800,000 ($340/SF) | 8.26% Cap Rate

Asking Price $6,800,000

Property Type: Office
Square Feet: 20,000 SF
Price / Square Foot: $340

Listing Contacts

Laurence Oxman

Property Overview

8.26% Cap Rate - 100% Leased Medical Arts Building. All solid and stable medical tenants.
Rent is under market - great upside. Current NOI - $561,817. Triple Net Leases.
OPPORTUNITY ZONE PROPERTY - located in Qualified Opportunity Zone.
Great property for a 1031 exchange.
Built in 2009 - well maintained.
Located very close to the large regional hospital of Eastern Long Island - Peconic Bay Medical Center, part of Northwell Health.
Great location, excellent visibility. Plenty of parking directly in front of offices
PROOF of FUNDS and NDA Required for Tenant Info.

Property Details

Class: B
Year Built: 2009
Stories: 1
Property Subtype: Medical
Lot Size (sq. ft): 100,188 SF

Highlights

8.26% Cap Rate
100% Leased - NNN Leases - All Medical Tenants
Close to Northwell Health / Peconic Bay Medical Center (regional hospital)
OPPORTUNITY ZONE property
Great for 1031 Investment
Well Maintained Property

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