HREA | Healthcare Real Estate Advisors is pleased to announce the successful real estate sale of Clinton Park Health Park, a premier Class “A” medical outpatient building located in Clifton Park, NY.
Built in 2016, the two-story, multi-tenant facility is 100% leased to an array of high-quality tenants, including Community Care Physicians and Albany Medical College, a wholly owned subsidiary of Albany Med Health System, which collectively account for 89% of the building’s tenancy. The building’s on-site services include primary care, lab, imaging, endocrinology, child neurology, audiology, women’s care, and urgent care, fostering collaborative, patient-centered care under one roof.
Clifton Park is one of the most affluent communities in the Albany area, with a median household income exceeding $116,000 and median home values over $314,000. business environment.
HREA | HEALTHCARE REAL ESTATE ADVISORS is a national leader in advising physicians, health systems, and real estate owners with a variety of real estate monetization strategies, including sale-leasebacks, debt & equity recapitalization, and tax-deferred options, such as the Hybrid Sale-Leaseback®, which allows continued physician-ownership in the real estate, §1031 like-kind exchange, and reinvestment into a REIT, known as an UPREIT, which provides tax-efficient cashflow and a diversified investment in a healthcare REIT.
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