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259 Heathcote Rd 9,043 SF 100% Leased Office Building Scarsdale, NY 10583 For Sale
Investment Highlights
- 100% NNN leased to White Plains Hospital (Montefiore)
- Recent Lease Extension: includes a 27% expansion of space
- Flagship location for medical providers and includes specialized X-Ray and Bone Density facilities
- Lease Expiration: 2043/2044 with a five-year option to extend
- New Rent Commencement: July 1, 2026
Executive Summary
CBRE, Inc. has been retained as the exclusive advisor for the sale of 259 Heathcote Road, a two building 9,043 square foot single tenant medical facility in Scarsdale, New York. The property is 100% NNN leased to White Plains Hospital (Montefiore) S&P: BBB - Moodys: Baa3 through 2043 with an additional five-year option. The property sits on 1.49 acres of land in the heart of Scarsdale and has 70 parking spaces (7.7/1000). 259 Heathcote Road is only 1.2 miles from the Hutchinson River Parkway and 2 miles from the Scarsdale Metro-North Train Station and Bronx River Parkway.
Property Facts
Sale Type
Investment
Property Type
Building Size
9,043 SF
Building Class
B
Year Built
1950
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
9,043 SF
Building FAR
0.14
Lot Size
1.49 AC
Zoning
A3 - A3 - 10,000 SF. It is a residential Zone but grandfathered special use permitted for medical use.
Parking
70 Spaces (7.74 Spaces per 1,000 SF Leased)
Amenities
- Air Conditioning
Walk Score®
Very Walkable (71)
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259 Heathcote Rd
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