Medical Office Property - Long Island
Commercial real estate
listings
in Centereach, NY, US
Listing was updated on: 06/28/2022
Property Overview
| Price/Rent PSF | $ 7,695,000.00 |
| Asset Type | Office |
| Trade Type | Sale |
| SQ. FT. Available | Inquire |
| Date Available | 06/28/2022 |
| Additional URL | Link |
| Parking | 149 |
| Floors | 1 |
| Building size | 21958 |
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Description
Location
Immediate access to Nicolls Road (Rte 97), Middle Country Road (Rte 25) and the Long Island Expressway (Rte 495). Only minutes to Stony Brook University Hospital.
Strategically located between five (5) major hospitals in Central Suffolk County, Stony Brook University Hospital, JT Mather (Northwell), St. Charles (CHS), St. Catherine's (CHS) and Long Island Community Hospital.
The immediate market area surrounding this property has a population base of 260,000 in a five-mile ring) and a 5-minute drive time to Stony Brook University Hospital. Health Care Spending Potential Index of 134 (National Average is 100). Average of $8,371 per capital spent on health care costs for a total of $285M in a five-mile ring. Aging population - 17.1% of population is 65 and over, rising to 19.2% by 2026.
Three one-story buildings (5,508, 8,000 & 8,450 SF). Situated on 3.66 Acres - SW Corner of Middle Country Rd. (Rte. 25) & Nicolls Rd. (Rte. 97), Centereach, NY @ 4-way signalized intersection w/stacking lanes. High Visibility Location just over five minutes to University Hospital - Stony Brook. 40,300 AADT count on Route 25 (Middle Country Road). 76,800 AADT count on Route 97 (*Nicolls Road).
Sale
First-time sale from original developer. 100% occupied medical office park located in strong medical office submarket close to major highways and hospitals. Strong demographics.
Portfolio sale only with Southern Blvd Professional Park ("SBPP"), a 100% occupied 23, 700 RSF medical office park located at 57-61 Southern Blvd., Nesconset, NY. See separate listing for details on SBPP.
Location (Click here to view the location on the map.)