Putnam County is home to 99,551 residents with 35,347 households and an average household income of $126,857. It is made up of six towns: Carmel, Kent, Patterson, Philipstown, Southeast and Putnam Valley as well as three incorporated villages - Cold Spring, Nelsonville and Brewster. Putnam has benefitted from an excellent transportation network; Metro North’s Harlem Line and Hudson Line both service the area. The Hudson Line also offers a connection to Amtrak at both the Croton Harmon and Poughkeepsie stations. In addition, there are two interstate highways. The east-west Interstate 84 connects to the southbound Interstate 684 in Southeast toward the Connecticut border. The Taconic State Parkway runs north-south through central Putnam.
The Barns Medical Center investment opportunity is a multi tenant medical office complex comprised of 31,713 square feet. The four building complex is 42,815 square feet it total with 216 parking spaces. The buildings tenants are 100% medical. "The Barns" location, directly across the street from Putnam Hospital Center (PHC), is a one-of-a-kind advantage appealing to current and prospective medical office tenants. PHC is a 164 bed facility.
87% occupied covering 27,537 square feet. Three available suites totaling 4,176 square feet. The average lease rate across the occupied suites is $34.13 per square foot.
Adjacent land to the complex can be made available for future development and expansion. Offered at $600,000, concept plans are available for a two-story 10,000 square foot medical office building with 50 additional parking spaces.
Additional 2,888 square foot condo unit in the complex is available as a separate offering for $495,000 ( $171 per square foot ).
