News Release: Closed! Health System Anchored 80K SF MOB in Albany, NY

NEWMARK

HEALTHCARE CAPITAL MARKETS

JUST CLOSED

80,676 SF

1365 WASHINGTON AVENUE

ALBANY MED HEALTH SYSTEM ANCHORED

MOB LOCATED ON MEDICAL MILE

ALBANY, NY | OCTOBER 2024

Newmark is pleased to announce the sale Of 1365 Washington Avenue in Albany, New York. The multi-tenant, 80,676 square foot medical outpatient building is 72 percent leased, 59 percent Of
which is leased to Albany Med Health System and St. Peter’s Health. Together, the two health systems account for 100% of the market share within a 10-mile radius of the Property. 1365 Washington Avenue is located on Albany’s “Medical Mile”, a dense healthcare corridor which offers an array of medical services.

FOR ADDITIONAL INFORMATION ON THIS TRANSACTION THE CURRENT CAPITAL MARKET ENVIRONMENT, PLEASE CONTACT ANY MEMBER OF THE TRANSACTION ADVISORY TEAM.

HEALTHCARE CAPITAL MARKETS

Jay Miele
Executive Managing Director
732.778.3895
jay.miele@nmrk.com

Ben Appel
Executive Managing Director
215.872.9903
ben.appel@nmrk.com

John Nero
Senior Managing Director
6103088192
john.nero@nmrk.com

Ron Ott
Associate Director
5704178140
ron.ott@nmrk.com

Michael Greeley
Senior Managing Director
617.223.1623
michael.greeley@nmrk.com

HEALTHCARE CAPITAL MARKETS ANALYTICS

Conor Hilton
212.372.0746
conor.hilton@nmrk.com

Chad Prescher
Associate Director
949702.4409
chad.prescher@nmrk.com

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