Single-Tenant Office Medical
DaVita Kidney Dialysis Center | Life-Sustaining Kidney Healthcare | Dense New York Submarket: 1.1M+
11 Romaine Ave, Yonkers (NYC MSA), NY 10705
Listing Price: $11,220,000
Investment Overview
Yonkers is a city in Westchester County, New York. Developed along the Hudson River, it is the third most populous city in the state of New York, after New York City and Buffalo. The population of Yonkers was 211,569 as enumerated in the 2020 United States Census. It is classified as an inner suburb of New York City, located directly to the north of the Bronx and approximately 2 miles north of Marble Hill, Manhattan, the northernmost point in Manhattan. Yonkers’s downtown is centered on a plaza known as Getty Square, where the municipal government is located. The downtown area also houses significant local businesses and nonprofit organizations. It serves as a major retail hub for Yonkers and the northwest Bronx. The city is home to several attractions, including access to the Hudson River, Tibbetts Brook Park, with its public pool with slides and lazy river and two-mile walking loop Untermyer Park; Hudson River Museum; Saw Mill River daylighting, wherein a parking lot was removed to uncover the Nepperkamack (Saw Mill River); Science Barge; and Sherwood House. Yonkers Raceway, a harness racing track, renovated its grounds and clubhouse, and added legalized video slot machine gambling in 2006 to become a “racino” named Empire City. In more recent years, Yonkers has undergone progressive gentrification.
DaVita Kidney Dialysis Center | Life-Sustaining Kidney Healthcare | Dense New York Submarket: 1.1M+
Investment Highlights
- Long Term Corporate Backed Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2019 Complete Interior / Exterior Renovation.
- State of the Art Facility including New Roof w/ 20 Year Warranty. Significant Money Invested by Tenant on Buildout Demonstrating Strong Commitment.
- Providing Life Sustaining Treatments for Dialysis Patients - DaVita is one of the Nations Leading Provider of Products and Services for People with Chronic Kidney Failure.
- DaVita features a S&P Credit Rating of "BB" and a Moody's Rating of "Ba3" with Annual Revenues in Excess of $11.61B.
- Minutes from Montefiore Medical Center - a Premier Academic Medical Center and the Primary Teaching Hospital of the Albert Einstein College of Medicine in the Bronx. It is one of the 50 largest Employers in New York.
- In close Proximity to Numerous other Clinics and Hospitals including Saint Josephs Medical Center, Hebrew Hospital Homes, and St. John's Riverside Hospital.
- Extremely Dense New York Submarket - Features more than 1.1 Million People Residing within a 5-Mile Radius. Yonkers is the 3rd Most Populous City in the State of New York after New York City and Buffalo. Yonkers is a Premier Destination for Retail, Medical and Office, supported by very High Population Density and offers an Extensive Mass-Transit System with Bus, Subway and Rail Service.
- Less than a Mile from College of Mount Saint Vincent - a Private Catholic College serving over 1,800 Students with Professional Undergraduate Programs in Nursing, Business, Communication, and Education and Graduate Degree Programs in Nursing, Business, TESOL and Education. A Short Drive from Cross County Center - a 1.2M Sq.Ft. Shopping Mall featuring more than 120 Retail Stores, Restaurants and a Multiplex Movie Theater and Empire City Casino - featuring 5k+ Slot Machines, Electronic Table Games
Single-Tenant Office Medical
DaVita Kidney Dialysis Center | Life-Sustaining Kidney Healthcare | Dense New York Submarket: 1.1M+
Listing Price: $11,220,000
Investment Highlights
- Long Term Corporate Backed Lease Featuring 10% Rental Increases Every 5 Years throughout the Initial Term and Options. 2019 Complete Interior / Exterior Renovation.
- State of the Art Facility including New Roof w/ 20 Year Warranty. Significant Money Invested by Tenant on Buildout Demonstrating Strong Commitment.
- Providing Life Sustaining Treatments for Dialysis Patients - DaVita is one of the Nations Leading Provider of Products and Services for People with Chronic Kidney Failure.
- DaVita features a S&P Credit Rating of "BB" and a Moody's Rating of "Ba3" with Annual Revenues in Excess of $11.61B.
- Minutes from Montefiore Medical Center - a Premier Academic Medical Center and the Primary Teaching Hospital of the Albert Einstein College of Medicine in the Bronx. It is one of the 50 largest Employers in New York.
- In close Proximity to Numerous other Clinics and Hospitals including Saint Josephs Medical Center, Hebrew Hospital Homes, and St. John's Riverside Hospital.
- Extremely Dense New York Submarket - Features more than 1.1 Million People Residing within a 5-Mile Radius. Yonkers is the 3rd Most Populous City in the State of New York after New York City and Buffalo. Yonkers is a Premier Destination for Retail, Medical and Office, supported by very High Population Density and offers an Extensive Mass-Transit System with Bus, Subway and Rail Service.
- Less than a Mile from College of Mount Saint Vincent - a Private Catholic College serving over 1,800 Students with Professional Undergraduate Programs in Nursing, Business, Communication, and Education and Graduate Degree Programs in Nursing, Business, TESOL and Education. A Short Drive from Cross County Center - a 1.2M Sq.Ft. Shopping Mall featuring more than 120 Retail Stores, Restaurants and a Multiplex Movie Theater and Empire City Casino - featuring 5k+ Slot Machines, Electronic Table Games
Investment Overview
Yonkers is a city in Westchester County, New York. Developed along the Hudson River, it is the third most populous city in the state of New York, after New York City and Buffalo. The population of Yonkers was 211,569 as enumerated in the 2020 United States Census. It is classified as an inner suburb of New York City, located directly to the north of the Bronx and approximately 2 miles north of Marble Hill, Manhattan, the northernmost point in Manhattan. Yonkers’s downtown is centered on a plaza known as Getty Square, where the municipal government is located. The downtown area also houses significant local businesses and nonprofit organizations. It serves as a major retail hub for Yonkers and the northwest Bronx. The city is home to several attractions, including access to the Hudson River, Tibbetts Brook Park, with its public pool with slides and lazy river and two-mile walking loop Untermyer Park; Hudson River Museum; Saw Mill River daylighting, wherein a parking lot was removed to uncover the Nepperkamack (Saw Mill River); Science Barge; and Sherwood House. Yonkers Raceway, a harness racing track, renovated its grounds and clubhouse, and added legalized video slot machine gambling in 2006 to become a “racino” named Empire City. In more recent years, Yonkers has undergone progressive gentrification.
