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275 Marcus BLVD, Hauppauge,...

Milvado Property Group Leases 5841 Square Feet To Atlantic Essentials In Hauppauge New York
LEASEDIndustrial

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

Daniel Ginsberg

Broker

4 deals

Broker
Metro Realty Services
Metro Realty ServicesBrokerage
Milvado Property Group
Milvado Property GroupLandlord

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