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135 Oser Avenue

Rajiv Goyal Leases Industrial Property In Hauppauge For 5 Years
LEASEDIndustrial

Rajiv Goyal Leases Industrial Property In Hauppauge For 5 Years

135 Oser Avenue

$17

$17/SF

Building Size

18,000 SF

Asset Type

Industrial

Closing

Nov 1, 2023

AI

The industrial property located at 135 Oser Avenue in Hauppauge has been leased. The property spans over 18,000 square feet and is represented by Global Realty ServicesUSA. The landlord, Sherwin Zade, has leased the property to Rajiv Goyal on a NNN lease for a term of 5 years. The asking rent for the property was $17 per square foot.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Lease
  • Address: 135 Oser Avenue, Hauppauge
  • Market: Hauppauge
  • Landlord: Sherwin Zade
  • Tenant: Rajiv Goyal
  • Broker: Raj Whadwa - Global Realty Services USA
  • Asking Rent: $17 per square foot
  • Lease Type: NNN Lease
  • Lease Term: 5 years

Raj Whadwa, representing Global Realty Services USA, facilitated the lease between Sherwin Zade and Rajiv Goyal for the industrial property at 135 Oser Avenue. This deal signifies the commitment of both parties to a long-term lease agreement, ensuring stability and productivity for the tenant's operations.

Players

Raj Whadwa

Global Realty Services

Broker

$129.4M

vol

22 deals

Broker

Hauppauge Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

933117.65%

Cash-on-Cash

-266687.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93