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158 Candlewood Rd, Bay Shor...

Duro Dyne Corp Leases 82064 Square Feet At 158 Candlewood Rd In Bay Shore From Rockefeller Group
LEASEDIndustrial

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:

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

Leslie Lanne

JLL

Broker

$355M

vol

9 deals

Broker
Rockefeller Group
Rockefeller GroupLandlord

Bay Shore 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