Single-Tenant Office Medical

Montefiore Medical Center

3860 E Tremont Ave, The Bronx, NY 10465

Listing Price: $14,210,000

Cap Rate
4.75%
Tenant Name
Montefiore Medical Center
Years Remaining On Lease
11.9
Guarantor
Corporate Guarantee
Rentable SF
14,892
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.33

Investment Overview

Marcus & Millichap is pleased to present for sale a Montefiore Medical Center located at 3860 East Tremont Avenue, Bronx, NY. Montefiore has a gross leasable area (GLA) of 14,892 square feet and sits on a 0.89-acre lot. The subject property has over 12 years remaining in the base term of a NNN lease with two 5-year options with varying increases every 5 years through the base term and options. Montefiore Medical Center (S&P Rating: AA) is one of the largest healthcare systems in the nation founded in New York, NY in 1884. They operate over 180 locations that provide cutting edge medical treatment, diagnostics, and research. This particular location is their Throggs Neck Primary Care Clinic. The new facility features 16 examination rooms for adult medicine and specialty care, eight pediatric rooms, three bays for phlebotomy, three bays dedicated to asthma, a multifunction room and on-site parking. The clinic is staffed by three pediatricians, two internal medicine physicians, a family physician, a cardiologist, a child psychologist, four licensed practical nurses, five patient care technicians, 16 front desk staff and 4 administrative positions.

Investment Highlights

  • Montefiore Medical Center with the address of 3860 East Tremont Avenue, Bronx, NY. Located at the intersection of E Tremont Ave. (17,679 vehicles per day (VPD)) and the Cross Bronx Expressway (84,487
  • Montefiore Medical Center (S&P Rating: AA) is one of the largest healthcare systems in the nation founded 1884, currently operating over 180 locations
  • Montefiore Medical Center has over 12 years remaining in the base term of an NNN Lease with two 5-Year options with varying increases every 5 years though the base term and the options

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

Single-Tenant Office Medical

Montefiore Medical Center

Listing Price: $14,210,000

Cap Rate
4.75%
Tenant Name
Montefiore Medical Center
Years Remaining On Lease
11.9
Guarantor
Corporate Guarantee
Rentable SF
14,892
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$45.33

Investment Highlights

  • Montefiore Medical Center with the address of 3860 East Tremont Avenue, Bronx, NY. Located at the intersection of E Tremont Ave. (17,679 vehicles per day (VPD)) and the Cross Bronx Expressway (84,487
  • Montefiore Medical Center (S&P Rating: AA) is one of the largest healthcare systems in the nation founded 1884, currently operating over 180 locations
  • Montefiore Medical Center has over 12 years remaining in the base term of an NNN Lease with two 5-Year options with varying increases every 5 years though the base term and the options

Investment Overview

Marcus & Millichap is pleased to present for sale a Montefiore Medical Center located at 3860 East Tremont Avenue, Bronx, NY. Montefiore has a gross leasable area (GLA) of 14,892 square feet and sits on a 0.89-acre lot. The subject property has over 12 years remaining in the base term of a NNN lease with two 5-year options with varying increases every 5 years through the base term and options. Montefiore Medical Center (S&P Rating: AA) is one of the largest healthcare systems in the nation founded in New York, NY in 1884. They operate over 180 locations that provide cutting edge medical treatment, diagnostics, and research. This particular location is their Throggs Neck Primary Care Clinic. The new facility features 16 examination rooms for adult medicine and specialty care, eight pediatric rooms, three bays for phlebotomy, three bays dedicated to asthma, a multifunction room and on-site parking. The clinic is staffed by three pediatricians, two internal medicine physicians, a family physician, a cardiologist, a child psychologist, four licensed practical nurses, five patient care technicians, 16 front desk staff and 4 administrative positions.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

  • Steven J. Siegel

    Licensed Associate Real Estate Broker

    (212) 430-5166

    Email Steven

    License(s): NY: 30SI0857139, NJ: 0015107, CT: REB.0754170

    Manhattan

  • Judson Kauffman

    Licensed Real Estate Salesperson

    (212) 430-5204

    Email Judson

    License(s): NY: 40KA1034273, NY: 10401296108

    Manhattan

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