This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

CMP DENTAL ARTS (MB2) 7197 Highbridge Rd

6,800 SF 100% Leased Office Building Fayetteville, NY 13066 £617,905 (£91/SF) 10.75% Net Initial Yield

Investment Highlights

  • Tenant Investment in Location - Dental support organizations rarely relocate due to high build-out costs.
  • Best-in-Class Tenant- MB2 is one of the most sought after tenants in the healthcare space with over 750+ locations across 43 states.
  • Streamlined Expansion- MB2 expands by acquiring existing practices that are already established within the community. This allows for rapid growth.
  • Ideal Investment- This deal has a low barrier to entry for investors because of its attractive price point and high return.
  • Value Add Opportunity- The apartment lease is set to expire in less than a year, offering the potential to adjust the rental rate to a higher level.
  • Scheduled Rental Increases- 2% annual rental increases from the office tenant provide a future owner a boost in cash flow.

Executive Summary

Broker of Record
Cory Rosenthal
License No. 10991237833 (NY)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
6,800 SF
Building Class
B
Year Built
1980
Price
£617,905
Price Per SF
£91
Net Initial Yield
10.75%
NOI
£66,425
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
6,800 SF
Building FAR
0.06
Land Acres
2.74 AC
Zoning
R1 - residential
Parking
14 Spaces (2.06 Spaces per 1,000 SF Leased)

Amenities

  • Signage
  • Yard

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
313889-093-000-0001-047-000-0000
Land Assessment
£125,270
Improvements Assessment
£279,256
Total Assessment
£404,527
  • Listing ID: 34149612

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 7197 Highbridge Rd, Fayetteville, NY 13066

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}