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14 Vista Blvd
Slingerlands, NY 12159
Community Care Physicians · Office Property For Sale
Executive Summary
Northmarq National Healthcare Group is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single-tenant medical office building located in Slingerlands, New York (Albany MSA). The property is 100% occupied by Community Care Physicians (CCP). The tenant is subject to a Modified Gross lease structure with 1% annual rental increases and 1, 5-year option remaining. The initial lease term has 1.7 years years of term remaining.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,000 SF
Building Class
B
Year Built
2007
Price
$1,700,000
Price Per SF
$283.33
Cap Rate
8%
NOI
$136,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
6,000 SF
Building FAR
0.07
Lot Size
1.92 AC
Zoning
MED - Medical
Parking
40 Spaces (6.67 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 012200-074-000-0001-029-023-0000 | Improvements Assessment | $1,083,000 |
| Land Assessment | $267,000 | Total Assessment | $1,350,000 |
Property Taxes
Parcel Number
012200-074-000-0001-029-023-0000
Land Assessment
$267,000
Improvements Assessment
$1,083,000
Total Assessment
$1,350,000
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