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Commercial in Orange
MLS Number6304165
Address2 Victory Court, Newburgh, NY 12550 show map
Price$1,800,000 show mortgage calculator
Acres0
Year Built0
Est. Sq. Footage0
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Remarks

Cash flowing investment property with an established medical tenant. The property produces $151,845 in Net Operating Income with 2% annual escalations on an absolute triple-net lease. This investment is offered at a 7.5% capitalization rate. The Building is in excellent condition and well maintained. The current 10 year lease has approximately 8 years remaining. Busy commercial location with a traffic count of 12,271 vehicles per day, located 1.5 miles to I-84 and 4 miles to I-87 which provides easy access to/from Dutchess, Rockland, Westchester, NYC, Northern NJ etc... Additional Information: HeatingFuel:Oil Above Ground, Appliances: Electric Water Heater

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This listing is Courtesy of Keller Williams Realty (845-928-8000).

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