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325 Meeting House LnSouthampton, NY 11968
325 Meeting House Lane
Asset ClassHealthcare Facility, Office
Square Feet: 37,416Access Data Room
Medical Office Investment Opportunity - Southampton, New York
overview of deal

Overview

Newmark has been retained as the exclusive advisor for the marketing and sale of 325 Meeting House Lane, a two-building, 37,416 SF, 87% leased, multi-tenant medical office complex in affluent Southampton Village, NY, one of Long Island’s wealthiest enclaves within the Hamptons. Constructed in 1984 and 2001, the property is situated directly across the street from Stony Brook University’s Southampton Hospital, offering a strategic location in a supply constrained submarket for quality medical space.

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Investment Highlights

Square Feet
37,416
% Leased
87%
Weighted Average Lease Term
6.25 Years
  • Diverse healthcare tenant base including anchor Tenant, Stony Brook University Southampton Hospital, the east-end’s premier full-service hospital facility.
  • Historically stabilized occupancy. Currently 87% leased and has not been lower than 85% since 2001.
  • WALT – 6 Years 3 Months - Stony Brook Southampton Hospital has more than 8 years remaining
  • 100% Medical Tenancy - No Exposure to General Office Use
  • Premier East-End Location – walking distance to Stony Brook University Southampton Hospital and downtown Southampton Village
  • Potential to increase rental income over time due to lack of quality medical space in the submarket and the continued expansion of the healthcare industry
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325 Meeting House LnSouthampton, NY 11968

Contact information

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Listing provided by Revere CRE