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| Louis Rogers |
NEW YORK, NY – Capital Square Realty Advisors, LLC announced
today that an affiliate of the company has acquired a 17,714-square-foot
medical office building in the New York hamlet of Merrick on Long Island. The facility is 100 percent leased on a
long-term basis to Orlin & Cohen Orthopedic Group.
“This is an exceptionally well located medical office
building that is 100 percent leased to the largest private orthopedic practice
in New York State,” said Louis Rogers, founder and chief executive
officer of Capital Square Realty Advisors.
“It’s strategically
located within 16 miles of nine area hospitals, and is surrounded by densely
populated residential neighborhoods on Long Island.”
The two-story
medical office building, which was completely renovated in 2009, is located at 1728
Sunrise Highway and includes: multiple waiting rooms; 12 examination rooms;
five patient consultation rooms; an x-ray room; fluoroscopy suite; newly
refurbished MRI suite and six private offices.
The property is easily accessible along Sunrise Highway, as
well as via Southern State Parkway, Northern State Parkway and the Long Island
Expressway. It can also be reached via the Long Island Rail Road and Nassau
Inter-County Express bus system.
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| Medical office building, 1728 Sunrise Highway Merrick, NY |
Capital Square is
focused on the acquisition of medical office buildings leased by leading
medical practices.
The demographics are very strong for healthcare-related real
estate due to an aging population and the Affordable Care Act.
This is Capital
Square’s second acquisition of a medical office building, with many others in the
acquisition pipeline.
For a complete copy of the company’s news release, please
contact:
Julie Leber
Account Manager
Spotlight Marketing Communications
18101 Von Karman Avenue, Suite 330
Irvine CA 92612
949-427-5172, ext. 703
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