Updated Oct 28, 2024
RC Com Inc. Leases Industrial Space In Suffolk County - 241 North Fehr Way
241 North Fehr Way, Bay Shore, NY, USA
Building Size
5,230 SF
Asset Type
Industrial
Closing
Aug 15, 2021
About this deal
AI
RC Com Inc. has leased an industrial property located at 241 North Fehr Way in Suffolk County. The property, measuring 5,230 square feet, was leased from Dorf Associates, represented by Jason Dorf & Amy Dorf. The lease transaction was completed on August 16, 2021. The asking rent for the space was $14 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Lease
- Address: 241 North Fehr Way
- Tenant: RC Com Inc.
- Landlord: Dorf Associates - Jason Dorf & Amy Dorf
- Market: Suffolk County
- Asking Rent: $14 per square foot
- Square Footage: 5,230
Jason Dorf & Amy Dorf, representing Dorf Associates, facilitated the lease deal between RC Com Inc. and the landlord. The transaction highlights the collaboration between the tenant and the landlord in securing a suitable industrial space in Suffolk County.
Players
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