Terence McMahon & Robert Monahan Lease 3,900 SF Office To Van Son Holland Ink Corp In Hauppauge
490 Wheeler Rd, Hauppauge, NY, 11788
Building Size
3,900 SF
Asset Type
—
Closing
Nov 22, 2023
About this deal
AI
Van Son Holland Ink Corp. leased 3,900 square feet of office space at 490 Wheeler Road in Hauppauge. The property is part of Hauppauge's market and was leased by Terence McMahon and Robert Monahan of Island Associates on behalf of both the tenant and landlord, 490 Wheeler Road Associates LLC.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Address: 490 Wheeler Rd, Hauppauge, NY, 11788
- Market: Hauppauge
- Landlord's Rep: Robert Monahan(Island Associates Real Estate Inc.), Terence McMahon(Island Associates Real Estate Inc.)
- Tenant: Van Son Holland Ink Corp.
- Landlord: 490 Wheeler Road Associates LLC
- Square Feet: 3900
The lease transaction at 490 Wheeler Road in Hauppauge involved Van Son Holland Ink Corp. and was facilitated by representatives Terence McMahon and Robert Monahan of Island Associates. The deal showcases the collaboration between the tenant and landlord for the 3,900 square feet of office space acquired in Hauppauge.
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Hauppauge CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93