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Velocity Pharma Leases Industrial Space In Farmingdale, NY To J & L Farmingdale LLC

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LEASED

New York

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Industrial23,002 SF
Leased
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LEASED

Velocity Pharma Leases Industrial Space In Farmingdale, NY To J & L Farmingdale LLC

200 Sea Ln, Farmingdale, NY, 11735

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Industrial23,002 SF
Leased
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:23,002 SF
Transaction Type:Lease

Located at 200 Sea Ln, Farmingdale, NY, 11735, the industrial property leased by Velocity Pharma spans 23,002 square feet. The landlord, J & L Farmingdale LLC, was represented by Lee Rosner from Coldwell Banker. Tenant's representative Michael Freedberg facilitated the lease transaction for Velocity Pharma.

Summary of transaction details:

Michael Freedberg from Suffolk Industrial Properties represented Velocity Pharma, while Lee Rosner and Steven Reichman of Coldwell Banker Commercial Island Corporate Services represented the landlord, J & L Farmingdale LLC, in the lease of the industrial space at 200 Sea Ln, Farmingdale. This transaction showcases the collaboration between the tenant and landlord's representatives in closing the deal successfully.

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8 deals$9.4M volume
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LR
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Details

LEASED
IMAGE: 12/11/2018 ADDRESS: 200 Sea Ln, Farmingdale, NY, 11735 MARKET: Farmingdale ASSET TYPE: Industrial TENANT'S REP: Michael Freedberg() LANDLORD'S REP: Lee Rosner(Coldwell Banker) TENANT: Velocity Pharma LANDLORD: J & L Farmingdale LLC SQUARE FEET: 23002

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Deal Type
Effective Rent (Annual)

$1,318,460.76

Total Lease Value

$13,184,607.60

Net Landlord Cash Flow$1,318,460.76