Overview

Highlights

• • More than seven years remaining on all Mid Rockland Imaging Partners leases
• • Over 65,000 combined square feet with five of six locations 100% occupied
• • All leases for all tenants have at least 3% annual increases
• • Geographically diverse portfolio spread over Nassau and Suffolk Counties
• • Long Island demographics show a wealthy and aging population, increasing the demand for medical imaging services

Description

Lee & Associates NYC is pleased to present for exclusive sale a six-property medical office portfolio located in Long Island, New

York (the “Portfolio”). The Portfolio offers investors a rare opportunity to acquire superior quality medical assets anchored by

RadNet, a 36 year old publicly traded company. The Portfolio’s geographic diversification throughout Nassau and Suffolk Counties,

maximizes proximity to patients and minimizes risks from any one location.

The Portfolio consists of four single-tenant medical properties triple-net leased to Mid Rockland Imaging Partners, and two multitenant

properties majority leased to Mid Rockland Imaging Partners, with the balance occupied by other medical professionals.

Mid Rockland Imaging Partners is a subsidiary of RadNet (Nasdaq: RDNT), a leading national radiology provider with 332 imaging

centers across the United States. Founded in 1984, RadNet is the largest national provider of medical imaging and radiology

services in the country and has more than $1.1 billion in annual revenue.

Nassau and Suffolk Counties are large suburban counties, occupying the eastern portion of Long Island in New York. A combined

2.8 million people live in Nassau and Suffolk Counties, where the largest employer has been Northwell Health for almost a decade.

Healthcare is the largest employment sector in both Nassau and Suffolk Counties, and other major healthcare employers include

Catholic Health Services and Winthrop University Hospital.

See summary for addresses & square footage.

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