Nexjen Real Estate Secures $7M Loan For Ground-Up Distribution Center On Long Island

The property involved in this closed transaction is located at 195 13th Ave, Ronkonkoma in Long Island. It is an industrial asset with a total square footage of 54,000 sq.ft. The market value of the property is undisclosed in the given information.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $7,000,000
• Address: 195 13th Ave, Ronkonkoma, Long Island
• Market: Long Island

The lender in this transaction is People's United Bank. The landlord of the property is Lynest Associates. M. Robert Goldman & Company served as the brokers in this deal.

NOTE: Nexjen Real Estate, headed by @TheNexJen, is developing a ground-up 54,000 sq.ft. last-mile distribution center in Suffolk County, Long Island. The building will feature 16 loading docks, 36' clear ceiling heights, and 10% office space. Nexjen's mission is to help real estate owners get the maximum value out of their real estate portfolio by making calculated decisions through market research, knowledge, and industry relationships. Custom end-to-end services allow clients to have one point of contact which streamlines costs, time, and knowledge.