Single-Tenant Office Medical
1 Pine Street Spur
1 Pine Street Spur, Poughkeepsie, NY 12601
Listing Price: $6,250,000
Investment Overview
Two-Story, ±12,000 SF Brick Office Building Leased To Nuvance
Health / Northwell Health, An Investment-Grade Healthcare Credit
Tenant (S&P Rating: A-)
• NN+ Lease With Approximately 8 Years Remaining, Providing
Passive, Stable Income
•3% Annual Rent Escalations Provide A Built-In Hedge Against
Inflation
•Ideally Located Across From Vassar Brothers Medical Center, A
349-Bed Regional Hospital
•Infill, Downtown Location With Convenient Access To Route 9,
Route 44/55, And The Mid-Hudson Bridge
•Proximity To Metro-North (Hudson Line) Service To Grand Central
Terminal Enhances Workforce And Patient Accessibility
1 Pine Street Spur
Investment Highlights
- Two-Story, ±12,000 SF Brick Office Building Leased To Nuvance Health / Northwell Health, An Investment-Grade Healthcare Credit Tenant (S&P Rating: A-)
- NN+ Lease With Approximately 8 Years Remaining, Providing Passive, Stable Income
- 3% Annual Rent Escalations Provide A Built-In Hedge Against Inflation
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $6,250,000
Investment Highlights
- Two-Story, ±12,000 SF Brick Office Building Leased To Nuvance Health / Northwell Health, An Investment-Grade Healthcare Credit Tenant (S&P Rating: A-)
- NN+ Lease With Approximately 8 Years Remaining, Providing Passive, Stable Income
- 3% Annual Rent Escalations Provide A Built-In Hedge Against Inflation
Investment Overview
Two-Story, ±12,000 SF Brick Office Building Leased To Nuvance Health / Northwell Health, An Investment-Grade Healthcare Credit Tenant (S&P Rating: A-) • NN+ Lease With Approximately 8 Years Remaining, Providing Passive, Stable Income •3% Annual Rent Escalations Provide A Built-In Hedge Against Inflation •Ideally Located Across From Vassar Brothers Medical Center, A 349-Bed Regional Hospital •Infill, Downtown Location With Convenient Access To Route 9, Route 44/55, And The Mid-Hudson Bridge •Proximity To Metro-North (Hudson Line) Service To Grand Central Terminal Enhances Workforce And Patient Accessibility
Exclusively Listed By
Broker of Record
Financing By
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