Investment Overview

Marcus & Millichap is proud to present the Office of People with Developmental Disabilities located at 119 Kemper Lane in Norwich, NY. The Subject Property is a 23,060 square foot office building situated on 9.16 acres of land fully leased on the behalf of The Dormitory Authority of the State of New York (DASNY). The Property has 2 leases - one for 18,200 square feet dedicated to the Day Habilitation Facility; the other for 4,860 square feet that’s used as a regional office. Both are modified leases where the tenant reimburses snow/lawn care expenses, and increases over the base year for real estate taxes & insurance. The DDSO works with those who have developmental disabilities - assisting people to acquire, retain or improve their self-help, socialization and adaptive skills, including communication, travel and other areas in adult education. Major capital improvements have been made to the property within the past 3 years - 4 new HVAC units, interior repainting, new exterior doors, and parking lot repairs.