{"id":1004178214,"date":"2017-05-24T08:10:18","date_gmt":"2017-05-24T16:10:18","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004178214"},"modified":"2017-05-24T08:10:18","modified_gmt":"2017-05-24T16:10:18","slug":"long-island-medical-office-portfolio-hits-the-market","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/long-island-medical-office-portfolio-hits-the-market\/","title":{"rendered":"Long Island Medical Office Portfolio Hits the Market"},"content":{"rendered":"<p>By Corina Stef<\/p>\n<div id=\"attachment_1004178220\" style=\"width: 330px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Webp.net-resizeimage4.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004178220\" data-attachment-id=\"1004178220\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/long-island-medical-office-portfolio-hits-the-market\/webp-net-resizeimage-5\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Webp.net-resizeimage4.jpg\" data-orig-size=\"800,600\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"310 E. Shore Road, Great Neck, N.Y.\" data-image-description=\"&lt;p&gt;310 E. Shore Road, Great Neck, N.Y. &lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;310 E. Shore Road, Great Neck, N.Y. &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Webp.net-resizeimage4.jpg?w=800\" class=\"wp-image-1004178220\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Webp.net-resizeimage4.jpg\" alt=\"310 E. Shore Road, Great Neck, N.Y. \" width=\"320\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Webp.net-resizeimage4.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Webp.net-resizeimage4.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/05\/Webp.net-resizeimage4.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 320px) 100vw, 320px\" \/><\/a><p id=\"caption-attachment-1004178220\" class=\"wp-caption-text\">310 E. Shore Road, Great Neck, N.Y.<\/p><\/div>\n<p>A Metro New York-area medical office portfolio comprising 310 E. Shore Road in Great Neck and 333 Shore Road in Manhasset is up for grabs for a reported $24.5 million. Cushman &amp; Wakefield Managing Director Stephen Preuss, Director Benjamin Efraimov and Associates Denise Prevete, Kevin Louie Andreas Efthymiou and Kevin Schmitz will market the sale of the assets.<\/p>\n<p>The first asset, 310 E. Shore Road, is a three-story, 52,517-square-foot office building comprising\u00a019 units. According to PropertyShark, it sits on a 1.5-acre parcel and\u00a0was built in 1981. The other building,\u00a0333 Shore Road, is a two-story, 17,650-square-foot, nine-unit building erected in 1975. The buildings are located a half-mile apart on Nassau County\u2019s North Shore. They are both neighbored by schools and residential communities, and offer easy access to main roads such as Northern Boulevard, Long Island Expressway. They are an hour\u2019s drive away from Manhattan. Transportation is facilitated by the Great Neck and Manhasset train stations. The multi-tenant buildings are 88 percent leased.<\/p>\n<p>\u201c<em>This medical portfolio represents a rare and lucrative opportunity to invest in office space within one of America\u2019s most-affluent communities,<\/em>\u201d Preuss said in prepared remarks. \u201c<em>In addition to the <a href=\"https:\/\/www.commercialsearch.com\/news\/nassau-county-office-thrives-in-2015\/\">area\u2019s high demand<\/a> for health care services, the community is also experiencing an infusion of new luxury residential development.\u201d<\/em><\/p>\n<p>Recent deals in the area include the sale of <a href=\"https:\/\/www.commercialsearch.com\/news\/nassau-county-office-building-sells-for-76m\/\">60 Charles Lindbergh Blvd.<\/a>\u00a0in Uniondale, N.Y.,\u00a0and <a href=\"https:\/\/www.commercialsearch.com\/news\/largavista-nabs-long-island-city-office-asset\/\">3<\/a><a href=\"https:\/\/www.commercialsearch.com\/news\/largavista-nabs-long-island-city-office-asset\/\">0-10 41st Ave.<\/a>, in Long Island City.<\/p>\n<p><em>Image courtesy of Cushman &amp; Wakefield<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cushman &#038; Wakefield is marketing the sale of two medical office buildings located in Great Neck and Manhasset, N.Y. The assets total 70,167 square feet of space and are 88 percent leased to multiple tenants. <\/p>\n","protected":false},"author":241,"featured_media":1004178220,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21754,1600,21742,10,21747],"tags":[32799,35773],"class_list":["post-1004178214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-medical-office","category-new-york","category-latest","category-northeast","category-office","tag-cushman-wakefield","tag-stephen-preuss"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Long Island Medical Office Portfolio Hits the Market - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/long-island-medical-office-portfolio-hits-the-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Long Island Medical Office Portfolio Hits the Market\" \/>\n<meta property=\"og:description\" content=\"Cushman &amp; Wakefield is marketing the sale of two medical office buildings located in Great Neck and Manhasset, N.Y. 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