Updated Oct 10, 2026
StanCorp Financial Group Funds $3M Refinance For Industrial Property On Long Island
8 Leecon Court
$3,000,000
$67/SF
Building Size
44,690 SF
Asset Type
Industrial
Closing
Feb 21, 2024
About this deal
AI
An Industrial property spanning 44,690 square feet located at 8 Leecon Court in Long Island was involved in a recent transaction. The property was refinanced for a loan amount of $3,000,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Address: 8 Leecon Court
- Market: Long Island
- Lender: stancorp-71537964-e57b-4b05-af26-2eaf91775e6a-duplicate''>StanCorp Financial Group
- Landlord: John Rosko
- Brokers: Amber Coleman & Lili Grbavac - CBRE
Amber Coleman and Lili Grbavac from CBRE represented the parties involved in the refinancing deal.
The industrial loan at 8 Leecon Court in Southampton, New York financed for $3M in 2024. The building is 44,690 square feet, implying about 67 per square foot on the published price. Amber Coleman, Lili Grbavac, CBRE appear on the loan alongside CBRE. This page is the Southampton, New York file for the 8 Leecon Court industrial financed: pricing, party profiles, and other closed industrial comps from the same Southampton sit in the Market section below. Filter that Southampton industrial set by closing date to see what else financed near 8 Leecon Court around 2024. Published consideration for 8 Leecon Court is $3M, dated 2024. Cite this StanCorp Financial Group Funds $3M Refinance For Industrial Property On Long Island loan when underwriting similar industrial product around Southampton, New York.
On the Map
$3,000,000
$67/SF
Industrial
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Players
Southampton Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93