Duro Dyne Corp Leases 82064 Square Feet At 158 Candlewood Rd In Bay Shore From Rockefeller Group
158 Candlewood Rd, Bay Shore, NY, 1...
Building Size
82,064 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
Duro Dyne Corp. has signed an industrial lease for 82,064 square feet at 158 Candlewood Road, located in the Bay Shore market. The property is part of a significant expansion from the tenant's previous nearby location at 81 Spence Street.
Summary of transaction details:
- Property Type: Industrial Lease
- Transaction Amount: Not specified
- Address: 158 Candlewood Rd, Bay Shore, NY
- Square Feet: 82,064
- Landlord: Rockefeller Group
- Landlord's Representative: Leslie Lanne, Max Omstrom, Doug Omstrom - JLL
- Tenant: Duro Dyne Corp
- Tenant's Representative: Paul Leone, Phil Heilpern - CBRE
This lease transaction involved key representatives from different firms. Leslie Lanne, Doug Omstrom, and Max Omstrom of JLL represented the landlord, while Paul Leone and Phil Heilpern from CBRE acted on behalf of the tenant, Duro Dyne Corp.
Players
Bay Shore Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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