Milvado Property Group Leases 5841 Square Feet To Atlantic Essentials In Hauppauge New York
275 Marcus BLVD, Hauppauge, NY, 11...
Building Size
5,841 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property involved in this lease transaction is located at 275 Marcus Blvd, Hauppauge, NY, spanning a total of 5,841 square feet. The current market for the property is Hauppauge, with Milvado Property Group serving as the landlord in this agreement.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 275 Marcus Blvd, Hauppauge, NY
- Square Feet: 5,841
- Landlord: Milvado Property Group
- Tenant: Atlantic Essentials
- Landlord's Representative: Daniel Ginsberg
The deal features Atlantic Essentials as the tenant, indicating expansion or relocation within the Hauppauge market. Daniel Ginsberg represents the landlord, Milvado Property Group, in this transaction, facilitating the leasing agreement between the two parties.
Players
Hauppauge 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