Rechler Equity Partners Leases Industrial Property To MJC Confections In Hauppauge Industrial Hub
150 Engineers Road, Hauppauge, New York 11788, United States
Building Size
62,000 SF
Asset Type
Industrial
Closing
Mar 13, 2022
AI
The industrial property located at 150 Engineers Rd. in the Hauppauge Industrial Hub has been leased. The transaction took place on 03/14/2022.
Summary of transaction details
- Property Type: Industrial
- Asking Rent: $14/ft.
- Square Footage: 62,000 SF
- Address: 150 Engineers Rd.
- Market: Hauppauge Industrial Hub
The landlord for this lease transaction is Rechler Equity Partners. The tenant who secured the lease is MJC Confections. The deal was brokered by Joseph Sorbara and Chip Entwistle from ACC Space.
Players
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93