17 S 5th Avenue, Mount Vernon, NY 10550 - Westchester Community College

Investment Overview

Commercial Condominium Unit Fully Occupied by Westchester Community College for the last 13 years. Unit being sold consists of 28335 SF of Commercial/Retail/Community Facility space over 2 floors. 22000 SF of space is rented to college. Westchester Community signed a 10 Year lease with two (2) Five-year options in January of 2014. They are currently in the 1st Option period that expires in January 2029 with on additional 5-year option remaining. As part of the initial lease term ownership spent $2.3MM to build out this modern educational facility. This is a Net lease with WCC paying Taxes and Insurance. Sale includes Parking Lot at 14 S. 6th Avenue, Mount Vernon, NY 10550. Parking lot is 10454 SF and contains 31 parking spots. Unit is part of a building that contains 15 S. 5th Avenue. That property is a 40 Unit LGHTC Affordable senior living project of 33190 SF. Available as part of a separate sale or package.

Investment Highlights

• Single Tenant Condominium Net Leased to Westchester Community College
• 28355 SF Condominium Unit
• Minute to The Bronx/NYC
• Sale includes adjacent parking lot at 14 S. 6th Avenue