2 Victory CtNewburgh, NY 12550

For Sale
$1,800,000

High-Yield Medical Office, 8 Years Lease Remaining

Overview

Added:
Feb 3
Days on market:
40
This exceptional investment opportunity presents a cash-flowing medical office building situated on a 0.54-acre lot at 2 Victory Ct, Newburgh, NY. Currently leased to an established medical tenant under an absolute triple-net lease with approximately eight years remaining on a ten-year term, this property boasts a strong net operating income of $151,845 annually, with a built-in 2% annual escalation clause. The property offers a compelling 7.5% capitalization rate, making it an attractive addition to any investment portfolio. The building itself is in excellent condition and meticulously maintained, ensuring long-term value and minimal operational concerns. Its prime location benefits from high visibility and significant traffic volume, with a daily count of 12,271 vehicles passing by. Convenient access to major transportation arteries is a key advantage, situated just 1.5 miles from I-84 and 4 miles from I-87, providing easy access to Dutchess, Rockland, Westchester counties, New York City, and Northern New Jersey. The building utilizes oil-based heating. This is a rare opportunity to acquire a stable, high-performing asset in a desirable commercial location. The asking price is $1,800,000.

Property Details for 2 Victory Ct

Property type
Office properties, Other office properties
Lot Size (sq. ft)
23,522 SF

Location Insight

City
Newburgh
County
Orange County
State
New York
Latitude
41.53774
Longitude
-74.04108
2 Victory Ct, Newburgh, New York

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2 Victory Ct
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