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.
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