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- LoopNet Team
1226 E Water St
Syracuse, NY 13210
Associated Medical Professionals | Corp Lse · Office Property For Sale
INVESTMENT HIGHLIGHTS
- 12.5 Years Remaining | Corporate Guaranteed | Annual Rental Increases
- Located Along Major Thoroughfare | Excellent Visibility & Access
- Dense Retail Corridor | Strong National/Credit Tenants | Syracuse University (21,970 Students)
- Experienced Operator | Recent Renovation
- NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
- Direct Residential Consumer Base | Strong Demographics in 5-Mile Trade Area
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Air Conditioning
ABOUT 1226 E WATER ST , SYRACUSE, NY 13210
Associated Medical Professionals is strategically located along Erie Boulevard E/State Highway 5, a primary retail thoroughfare averaging 20,200 vehicles passing by daily. The site benefits from nearby on/off ramp access to Interstate 690 (124,300 VPD), a highway that connects directly to I-85 (89,500), the primary north/south freeway serving the Northeast. The building is ideally positioned in the heart of the immense retail corridor, and is within close proximity to a variety of national/credit tenants including The Home Depot, Lowe’s Home Improvement, Aldi, Dick’s Sporting Goods, Advance Auto Parts, and more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure for the medical office. In addition, Syracuse University (21,970 students) and Upstate Medical University & Hospital (1,500 students) are located just 1 mile south of the property, providing the office with a direct consumer base from which to draw. With two universities nearby, the immediate trade area serves a medical cluster, promoting collaboration between hospitals, medical offices, and medical retailers. Moreover, the asset is surrounded by several apartment complexes including Skyline (364-units), Theory Syracuse (245-units), and Regency Tower (235-units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by nearly 220,000 residents and 193,000 daytime employees with an average household income of $63,000.
PROPERTY TAXES
| Parcel Number | 311500-030-000-0020-003-002-0000 | Improvements Assessment | $1,400,000 |
| Land Assessment | $1,200,000 | Total Assessment | $2,600,000 |
PROPERTY TAXES
