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Property ID# 2933
Sale Farmingdale, NY, 11735
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Description:    
Great Investor Opportunity! Building is fully occupied. Tenants occupying +/- 14,000sf unit through year 2026 paying $16,000/mo. w/ 3% escalations and +/- 15,000sf unit through Dec-2022 paying $12,500 /mo. w/4% escalations. Owner would consider leasing back +/- 5,000sf. Projected Cap Rate: 6% | Projected NOI: $373,000 | Submit All Offers!! New redevelopment located on Rte. 110/Gazza corridor with new intersection lights which will bring in even more traffic for exposure. Town of Babylon Tax Incentive Program available to qualified purchaser.

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General Spec's Industrial Spec's Pricing
Property Type: Industrial Office Size SF: Sale or Lease: Sale
Gross Building Area SF: 42,000 Ceiling Height: 16 Sale Price: $7,000,000
Min Available Sf: 42,000 Fuel: Gas Lease Rate PSF:
Max Contiguous Available SF: 27,000 Amps: 400 Lease Type: Gross
Total Available SF: 27,000 Drive-in(s): 2 Electric PSF:
Acreage: 1.98 Loading Dock(s): 1 CAM PSF:
Possession: Immediate   RE Taxes:
Zoning: Industrial    
Parking: Ample    
     

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