April 4, 2019
HFF recently closed the $11.468-million sale of a 16,920-square-foot outpatient imaging facility that is triple-net master-leased to New York University School of Medicine in the Long Island community of Garden City, NY.
The HFF team marketed the property on behalf of Meridian Imaging Group. Inland Real Estate Acquisitions facilitated the purchase of the asset.
Completed in 1969, the building was converted to a medical imaging facility in 2007, and received additional upgrades within the last year. It’s used as a multi-modality medical imaging center by New York University School of Medicine.
The New Jersey-based HFF team included Jose Cruz, Kevin O’Hearn, Ben Appel, Michael Oliver, Steve Simonelli and Andrew Scandalios.
“The activity on this asset was driven by the Garden City location, the credit of the tenant and the length of the lease,” Cruz said. “There were a significant number of buyers for this property from across the country.”
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