SOLD
Pennsylvania Steel Acquires Industrial Property In Hauppauge For $11.3M
10 Ranick Road
Industrial
60,000 SF
60,000 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Industrial
60,000 sqft
The industrial property located at 10 Ranick Road in Hauppauge, New York has been sold. The asset is a fully vacant flex building encompassing 60,000 square feet of warehouse and office space. Situated on a 3.35-acre lot, the building features 2 external docks, two drive-in doors, and 100+ parking spaces. The property is zoned for industrial use and is located in the thriving industrial/flex sector on Long Island. The sale price for this transaction was $11,300,000, resulting in a price per square foot of $183.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $11,300,000
- Address: 10 Ranick Road, Hauppauge
- Market: Hauppauge
Pennsylvania Steel Company acted as the buyer in this transaction, while Crosstex International was the seller. Richard Cohen represented Pennsylvania Steel Company as their buyer's representative, and the seller's representation was provided by David Itzkowitz, Dan Abbondandolo, Rob Kuppersmith, Joegy Raju, Rob Cullen, Joe Musso, and Victor Little from Cushman & Wakefield. This successful sale demonstrates the demand and strength of the industrial/flex sector in the area.
For more information about this transaction, please contact the exclusive brokers directly.
Players
All
8
Agents
7
Agencies
1
Details
SOLD
IMAGE: Rob Cullen, Joegy Raju, Daniel Abbondandolo, Joe Musso & Victor Little
DATE: 10/11/2022
ADDRESS: 10 Ranick Road
MARKET: Hauppauge
ASSET TYPE: Industrial
BUYER: Pennsylvania Steel Company
SELLER: Crosstex International
BUYER'S REP: Richard Cohen
SELLER'S REP: David Itzkowitz, Dan Abbondandolo (@TeamAbbondandolo), Rob Kuppersmith, Joegy Raju (@JoegyRaju), Rob Cullen, Joe Musso (@joemusso) & Victor Little (@Victor.R.Little) - Cushman & Wakefield
SALE PRICE: $11,300,000
SF: 60,000 ~ PPSF: $183
NOTE FROM BROKER: TEAMABBONDANDOLO successfully represented the seller in the disposition of 10 Ranick Road, Hauppauge. The asset traded hands for $11,300,000 | $188 / SF, which is a testament to the strength of the industrial/flex sector on Long Island. The asset is a fully vacant flex building zoned Industrial 1 with a combination of warehouse and office space totaling 60,000 SF. The building features 2 external docks, two drive-in doors, and is positioned on a 3.35-acre lot improved with 100+ parking spaces surrounding the building. For more information about this transaction, please reach out to the exclusive brokers directly.View on map
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Address10 Ranick Road
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