15 Mount Ebo Rd S - Medical FOR SALE


Brewster, NY 10509
$12,000,000 USD
718-475-4348
15 Mount Ebo Rd S, Brewster, NY for Sale
$12,000,000 USD
Medical - FOR SALE
1/7
null | Request Cap Rate

NEW


15 Mount Ebo Rd S
Brewster, NY 10509


HIGHLIGHTS

  • 40% Occupied Class A Multi-Tenant Medical Office located in desirable location
  • Three-story building Constructed in 2008 to meet Federal Regional Health Center standards
  • Recession-proof tenancy in the medical and education industries
  • 67,000-square-foot building situated on 11.6 acres with 100 parking spots
  • Hudson Valley Cerebral Palsy Association Current tenant
  • Convenient access Less than 5 miles from Metro-North station to New York City

OVERVIEW

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%.

FOR SALE DETAILS

PRICE

$12,000,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

11.66 AC

LAND SF

507,910 SF

ZONING

OP2

APN/PARCEL ID

373089-046-000-0002-031-000-0000

ASK ABOUT THIS PROPERTY

Jakub NowakMarcus & MillichapMore Info
718-475-4348

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Jakub NowakMarcus & MillichapMore Info
718-475-4348

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.