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600 W John St, Hicksville, ...

Updated Oct 29, 2024

Visual ID Signs Lease For 10700 Square Feet At 600 W John St Hicksville With Milvado Property Group
LEASED

Visual ID Signs Lease For 10700 Square Feet At 600 W John St Hicksville With Milvado Property Group

600 W John St, Hicksville, NY, 11801

Building Size

10,700 SF

Asset Type

Closing

Nov 20, 2023

About this deal

AI

The property asset involved in the transaction is located at 600 W John St, Hicksville, NY, 11801, within the Hicksville market. The leased space encompasses a total of 10,700 square feet and is now occupied by the tenant, Visual ID. The landlord of this property is Milvado Property Group.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 600 W John St, Hicksville, NY, 11801
  • Market: Hicksville
  • Tenant: Visual ID
  • Landlord: Milvado Property Group
  • Tenant's Representative: Matthew Balzano (Schacker Realty)
  • Square Feet: 10,700

Key individuals in this transaction include Matthew Balzano, who represents the tenant, Visual ID, through Schacker Realty. The landlord, Milvado Property Group, oversees the property, facilitating the lease agreement with the tenant.

Players

Matthew Balzano

Schacker Realty

Broker

1 deal

Broker
Milvado Property Group
Milvado Property GroupLandlord

Hicksville CRE Market Snapshot

Boundary boundary · CRE · Lease transactions

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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

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