275 Marcus BLVD
275 Marcus BLVD, Hauppauge, NY, 11...
Building Size
2,800 SF
Asset Type
Industrial
Closing
Nov 19, 2023
AI
The property involved in the transaction is located at 275 Marcus Blvd, Hauppauge, NY, encompassing a total square footage of 2,800. The market for this asset is Hauppauge.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 275 Marcus Blvd, Hauppauge, NY
- Market: Hauppauge
- Tenant: Chem-Master International, Inc.
- Landlord: Milvado Property Group
- Tenant's Representative: Brian McGuire - NAI Capital
In this transaction, Chem-Master International, Inc. will be leasing the property from Milvado Property Group, with representation by Brian McGuire from NAI Capital. The deal showcases the collaboration between these parties relevant to the leasing agreement in Hauppauge.
Players
Hauppauge Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
Loading comparables…
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