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732 Smithtown Bypass, Smith...

Updated Oct 29, 2024

Posillico Civil Leases Industrial Space At 732 Smithtown Bypass, Smithtown, NY
LEASEDIndustrial

Posillico Civil Leases Industrial Space At 732 Smithtown Bypass, Smithtown, NY

732 Smithtown Bypass, Smithtown, NY...

Building Size

2,000 SF

Asset Type

Industrial

Closing

Nov 22, 2023

About this deal

AI

Posillico Civil leased 2,000 square feet of office space at 732 Smithtown Bypass in Smithtown. The property is an industrial asset under the management of landlord CAF Smithtown LLC. The transaction was facilitated by Michael Zere of Zere Real Estate Services, representing both the tenant and the landlord in the deal.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Not provided
  • Address: 732 Smithtown Bypass, Smithtown, NY
  • Market: Smithtown
  • Landlord's Rep: Michael Paul Zere (Zere Real Estate Services)
  • Tenant: Posillico Civil
  • Landlord: CAF Smithtown LLC
  • Square Feet: 2,000

The deal at 732 Smithtown Bypass involved Posillico Civil as the tenant, represented by Michael Zere of Zere Real Estate Services, who also acted as the landlord's representative. The landlord, CAF Smithtown LLC, played a key role in the transaction, ensuring a successful lease agreement for the 2,000 square feet of industrial space in Smithtown.

Players

Michael Paul Zere

Zere Real Estate Services

Broker

$400K

vol

4 deals

Broker

Smithtown 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

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