News: Brokerage
Posted: August 1, 2017

Marcus & Millichap sells Unity Hospital at Brockport­ for $8.67 million

Brockport, NY Marcus & Millichap completed the sale of Unity Hospital at Brockport, a 29,497 s/f triple-net-leased property, according to Michael Glass, regional manager of the firm’s Cleveland office. The asset sold for $8.67 million.

John Krueger,
Marcus & Millichap

Ryan Moore and Christopher Mitchel, real estate agents in Marcus & Millichap’s Cleveland office, had the exclusive listing to market the property on behalf of the seller, a developer. The buyer, a REIT, was secured by Moore and Mitchel. John Krueger, the firm’s broker of record in Manhattan, assisted in closing this transaction.

Unity Hospital at Brockport is located at 6668 4th Section Rd.  The property is 100% leased by Unity Hospital of Rochester with a remaining lease term of 13 years.

Constructed in 2011 and expanded in 2015, services provided at the property include primary care, OBGYN, lab and x-ray services. The Unity Hospital of Rochester is a large not-for-profit hospital that was part of the Unity Health System, which merged in 2014 with the Rochester General Hospital to form the Rochester Regional Health System (RRHS). RRHS is one of the largest health systems in the region.

Tags: Brokerage
Print
Share
Reprint
Previous Story Next Story
READ ON THE GO
DIGITAL EDITIONS
Browse Now
Subscribe
Quick Hits
GFP Real Estate continues leasing momentum at 322 Eighth Ave. with 9,952 s/f of transactions
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking