4160 Merrick RdMassapequa, NY 11758

For Sale
$6,500,000

17,529 SF Multi-Tenant Medical Office, 100% Occupied

Overview

Added:
Dec 11, 2024
Days on market:
94
This exceptional 17,529-square-foot medical office building is situated on a 1.23-acre lot at 4160 Merrick Road in Massapequa, NY, 11758. The property boasts a strong tenant roster, anchored by Mid Rockland Imaging Partners, a subsidiary of RadNet (Nasdaq: RDNT), a leading national radiology provider. This presents a compelling investment opportunity due to the high occupancy rate of 100% across all units. The building consists of one structure and features a multi-tenant configuration. The asking price is $6,500,000, translating to a price per square foot of $370.81. The primary tenant, Mid Rockland Imaging Partners, has a lease with seven years remaining, incorporating a 3% annual rent increase. All leases within the building include this 3% annual increase. The location benefits from strong demographics, including a wealthy and aging population in Nassau County, driving consistent demand for medical imaging services. The property's location in Nassau County, NY, places it within a region characterized by a robust healthcare sector and high median income, further enhancing its investment appeal. This is a rare opportunity to acquire a high-quality, fully occupied medical office building with a stable, long-term tenant base in a desirable Long Island location.

Highlights

  • Seven-year remaining lease with Mid-Rockland Imaging Partners.
  • Over 17,000 square feet of 100%+ occupied space.
  • All leases feature 3% annual rent increases.
  • Strong demand for medical imaging services driven by Long Island's affluent and aging demographic.

Property Details for 4160 Merrick Rd

Property type
Other office properties, Medical offices
Square Feet
17,529 SF
Buildings
1
Lot Size (sq. ft)
53,579 SF

Location Insight

City
Massapequa
County
Nassau
State
New York
Latitude
40.6664368
Longitude
-73.4792472
4160 Merrick Rd, Massapequa, New York

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4160 Merrick Rd
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