Updated Oct 29, 2024
Crossfit Undivided Leases Industrial Property In Bohemia, NY From 1626 Locust Avenue LLC
1626 Locust Ave, Bohemia, NY, 11716
Building Size
6,000 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The industrial property at 1626 Locust Ave in Bohemia, NY, 11716, was leased to Crossfit Undivided for 6,000 square feet. The lease transaction was carried out by Mark Pawlitschek of Coldwell Banker Commercial Island Corporate Services, representing both the tenant and the landlord, 1626 Locust Avenue LLC.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not provided in the context
- Address: 1626 Locust Ave, Bohemia, NY, 11716
- Market: Bohemia
- Tenant: Crossfit Undivided
- Landlord: 1626 Locust Avenue LLC
Mark Pawlitschek played a crucial role in the lease transaction as the representative for both the tenant and the landlord, ensuring a successful deal for the industrial property at 1626 Locust Ave. This transaction signifies the growth and expansion opportunities for Crossfit Undivided in the Bohemia market.
Players
Bohemia 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