The SUNY Upstate Cancer Center (the “Property”) is a purpose-built, 30,516-square-foot Outpatient Oncology Center that is strategically located in Verona, New York, within one mile of New York State Thruway Exit 33, prominent visibility from Interstate 90, with over 40,000 vehicles per day and within the Utica-Rome Metropolitan Statistical Area (MSA). The Property is 100% leased to SUNY Upstate Medical University, with over 12 years of lease term remaining, offering a stable, long-term income stream that is backed by one of Central New York’s leading academic medical institutions.

The facility features modern construction, a covered patient drop-off, and 151 dedicated parking spaces designed to support efficient patient access and daily clinical operations. With its strategic location at the intersection of New York State Route 31 and Route 365, the Property is highly accessible to over 285,000 residents within the Utica-Rome MSA, and serves as a regional destination for outpatient cancer care throughout Central New York. The Property is 6 miles from the Oneida Health Hospital and is approximately 30 miles from Syracuse Hancock International Airport.

Purpose-built outpatient oncology facilities represent one of the most specialized sectors of healthcare real estate due to the substantial investment required for radiation treatment equipment, specialized building infrastructure, and supporting clinical operations. These characteristics create high barriers to entry while supporting long-term tenancy and durable investor demand.

Investment Highlights

Modern State-of-the-Art Oncology Center
A purpose-built, single-tenant outpatient oncology center featuring specialized cancer treatment infrastructure, including radiation oncology capabilities and a linear accelerator.

Institutional Quality Tenant
The Property is leased to The State University of New York, acting through SUNY Upstate Medical University, one of only four academic medical centers within the SUNY system. SUNY is supported by the full faith and credit of the State of New York.

Long-Term Lease
Approximately 12 years of remaining lease term reflects the tenant’s long-term commitment to the facility.

Certificate of Need (CON) State – High Barriers to Entry
New York’s CON program and the specialized infrastructure required for Outpatient Oncology Centers create significant barriers to entry, limiting new competition and supporting long-term asset value.

Build-to-Suit Outpatient Oncology Center
The Property was purpose-built for SUNY Upstate Medical University to support advanced outpatient oncology services and long-term strategic operations.

Rapid Patient Volume Growth
Patient visits have increased from approximately 15,000 in 2023 to more than 42,000 annually in 2026, reflecting strong patient demand and the facility's growing role as a regional outpatient oncology destination.

Mission-Critical Facility
Highly specialized facility with significant tenant capital investment and a critical role within SUNY Upstate’s comprehensive oncology network.