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45 Ranick Road

Fulfillment Plus Leases 56,500 Square Feet At 45 Ranick Road Hauppauge From SRE 45 Ranick Road LLC
LEASEDIndustrial

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

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.

Players

Kyle Burkhardt

Newmark

Broker

$58.1M

vol

6 deals

Broker

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