Updated Oct 28, 2024
GX3 LLC Leases Industrial Space At 3495 Lawson Blvd. In Oceanside
3495 Lawson Blvd, Oceanside, NY, USA
Building Size
22,800 SF
Asset Type
Industrial
Closing
Apr 29, 2021
About this deal
AI
An industrial property located at 3495 Lawson Blvd. in Oceanside has been leased. The property spans 22,800 square feet and was leased to GX3 LLC. The landlord, Lawson Properties, was represented by Amos Brotter. The tenant had representation from Michael Gronenthal of Douglas Elliman Commercial.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 04/30/2021
- Address: 3495 Lawson Blvd.
- Market: Oceanside
- Tenant: GX3 LLC
- Landlord: Lawson Properties
- Tenant's Representative: Michael Gronenthal of Douglas Elliman Commercial
- Landlord's Representative: Amos Brotter
- Asking Rent: $14.50/ft.
- Square Footage: 22,800
Michael Gronenthal of Douglas Elliman Commercial represented GX3 LLC in the lease of the industrial property located at 3495 Lawson Blvd. in Oceanside. Amos Brotter represented the landlord, Lawson Properties, in the transaction.
Players
Oceanside 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