176-178 Washington Avenue Extension, Albany, NY 12203
Property TypeOffice - Medical Office
Property Size 36,427 SF
Date UpdatedMar 29, 2022
Pinebush Medical Campus is strategically located along Washington Avenue Extension, a major retail and commuter thoroughfare averaging 32,600 vehicles passing by daily. The property benefits from excellent visibility and access via significant street frontage and multiple points of ingress/egress. Additionally, the site profits from nearby on/off ramp access to both Interstate 87 (119,100 VPD) and Interstate 90 (74,200 VPD), two essential highways serving the greater Albany metropolitan area. Further, the asset is ideally situated across from Crossgates Commons, a 443,000 SF power center anchored by Walmart Supercenter, The Home Depot, and At Home. Other major nearby national/credit tenants include Target, BJ’s Wholesale, Lowe’s Home Improvement, T.J. Maxx, Burlington, and Dick’s Sporting Goods. Strong tenant synergy significantly increases consumer draw to the immediate trade area and promotes crossover store exposure for the site. Moreover, the site is within walking to multiple nursing facilities including Daughters of Sarah Nursing Center (161,000 SF), The Lodge at Avila (38,000 SF), and Teresian House for the Elderly (530,000 SF), providing a direct consumer base from which to draw. The 5-mile trade area is supported by a population of more than 131,200 residents and 145,600 daytime employees with a healthy average household income approaching $95,000.