Medical Office Center | 8.09% Cap Rate

6144 Route 25A, Wading River, NY 11792

Property Info

Zetabid & JLL are pleased to present the Wading River Professional Office Center for sealed bid auction. The property has 30,000 SF of space, sits on 4 acres of land and has ample parking. Currently 100% occupied with a mix of credit/local medical tenants, this is a great investment opportunity with new roofs on 3 of the 4 buildings, a newly surfaced parking lot along with half of the suites recently renovated. Please visit our property page for auction details and our due diligence vault for rent roll, financials and other important documents.

  • City : Wading River
  • State : NY
  • Zip Code : 11792
  • Property Type : Office
  • Square Feet : 30000
  • Lot Size : 4.14 AC
  • Year Built : 1985
  • Sale Type : Investment
  • PF Gross Rent 2020 : $862,861
  • PF NOI 2020 : $525,771
  • PF Expenses 2020 : $293,947
  • Cap Rate : 8.09% (At Minimum Bid)
  • Occupancy : 100%
  • Buildings : 4
  • Parking Spaces : 180 | 6/1,000 SF
  • Zoning : MRP
  • Parcel ID : 0600-075-00-01-00-004-005
Status:Active
Starting Bid: $6,500,000
    Auction Start: 05/11/2020 9:00 am
    Auction End: 05/14/2020 4:00 pm
    • Time Zone :EST
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    Important Information

    • Buyers Premium :1%
    • Financing :No
    • Inspection Contingency :Yes
    • Showings :Call Eric Koesterer at 818.426.2660

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