505 White Plains Rd 26,859 SF 77% Leased Office Building Tarrytown, NY 10591 $3,200,000 ($119.14/SF)

Colliers has been retained on an exclusive basis to arrange the sale of 505 White Plains Road Tarrytown, NY (the “Property”). The Westchester property in the village Tarrytown, within the Town of Greenburgh is a 2-story professional building consisting of +/- 26,859 square feet including office space and a bank retail branch with a drive-thru ATM.
The Property is currently 77% leased to a diverse roster of fourteen tenants. The property offers an ideal opportunity to acquire a cash flowing asset at an attractive basis below replacement cost with the opportunity to boost NOI and increase WALT (Weighted Average Lease Term) and potential for mark-to-market rent growth.
Strategically positioned along Route 119 (White Plains Road). Just .75 miles to I287 and within one mile of the Mario Cuomo Bridge, steps from Bee-Line Bus Stop, 2.2 miles to Tarrytown train station, 12.5 miles to Westchester airport and 26 miles to Laguardia. The Property is surrounded by national retailers, hospitality, healthcare and corporate occupiers such as Chipotle, Starbucks, Stop & Shop, Westchester Marriot, Spring Hill Suites, BASF, Siemens Healthcare, Northwell.