Marcus & Millichap is pleased to present the opportunity to acquire fee simple interest in 15 Mt. Ebo Road South, Brewster, NY via a partial sale-leaseback. This prime medical office property is situated on 11.6 acres in an area surrounded by industrial and office developments.
The 67,000-square-foot building, constructed in 2008, features three stories of medical, office, and educational space. It includes two operating elevators, hospital-grade systems, and ample parking. Located adjacent to NYS Route 22, the property offers convenient access to Putnam and Westchester Counties in New York and Fairfield County in Connecticut.
The property was purpose-built to meet the needs of its current owner, the Hudson Valley Cerebral Palsy Association (“HVCPA”) and associated entities, which together occupy 40% of the space. The HVCPA does not plan to expand its leasing footprint. Consequently, the sale of this property is best structured as a partial sale-leaseback, with approximately 60% of the leasable space delivered vacant.
Originally designed to accommodate a mix of medical and educational uses, the property includes preschool areas, clinical offices, treatment suites, administrative offices, and a lecture/conference hall. Approximately 8,000 square feet of top-floor office space has not yet been leased and is currently used as storage.
The property is strategically located less than a quarter mile from Sears Corners, a vibrant retail, dining, and residential hub and Clock Tower Commons. Its proximity to Interstate 84 and NYS Highway 22 facilitates quick commutes to Westchester and Fairfield Counties. Additionally, the Brewster Metro-North station, located 4.9 miles away, provides convenient access to New York City.
The surrounding area of Brewster Heights boasts strong demographics, with an average household income of over $144,900 within a two-mile radius, well above the national average. The median property value in Brewster Heights is approximately $358,824, with a homeownership rate of 87.4%.