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Office bulding in New York state with a 6,6% yield

2,449,000 €
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Total area: 273 m² Yield: 6.0%
  • Absolute return: 147,111 €
  • Land area: 3,561 m²
  • Built in 2007
  • 1-floor building
  • Renter: 100%

It is an office bulding, located in one of the towns in the east of New York state.

Description

The one-storey building was constructed in 2007.

The total area is 273 m².

The plot of 3,561 m².

The property is fully leased to the bank branch.

There is a major shopping mall and major medicare center in close proximity, as well as two highways with a total traffic exceeding 130,000 cars.

Financial performance

Absolute income is 156,502 $.

The current yield of 6%.

Tenants

Tenant is NBT Bank, which is a subsidiary of NBT Bankcorp.

The Double Net Lease contract is signed for 15 years until 2022.

All operating and repair costs are borne by the lessee except for the roof repair costs.

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Sergey Sharovatov
Sergey Sharovatov
Investment Consultant
+44 20 3608 1267
Free advice on real estate in New York City
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