Updated Jan 19, 2026
Fulfillment Plus Leases 56,500 Square Feet At 45 Ranick Road Hauppauge From SRE 45 Ranick Road LLC
45 Ranick Road
Building Size
56,500 SF
Asset Type
Industrial
Closing
Jan 16, 2026
About this deal
AI
The property involved in this lease transaction is an industrial asset located at 45 Ranick Road in Hauppauge, offering a total square footage of 56,500. This location is situated in a market that serves significant logistical needs, as evidenced by the tenant's operational requirements.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 45 Ranick Road
- Market: Hauppauge
- Landlord: SRE 45 Ranick Road LLC
- Tenant: Fulfillment Plus
- Brokers: Joshua Cohen & Kyle Burkhardt - Newmark
Fulfillment Plus is in the process of expanding its Long Island footprint by consolidating operations from its Holbrook locations into this new lease. The tenant has the potential to occupy the entire 125,147-square-foot building, indicating plans for further operational enhancement.
On the Map
Industrial
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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