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100 Marcus Boulevard

@BEBCapital Acquires Industrial Property In Hauppauge, NY For $24.25M
SOLDIndustrial

@BEBCapital Acquires Industrial Property In Hauppauge, NY For $24.25M

100 Marcus Boulevard

$24,250,000

$160/SF

Building Size

150,843 SF

Asset Type

Industrial

Closing

Jul 28, 2021

AI

Located at 100 Marcus Boulevard in Hauppauge, NY, an industrial property in Central Suffolk County has been sold for a price of $24,250,000. The transaction took place on July 28, 2021. The property spans a total area of 150,843 square feet, resulting in a price per square foot of $160.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $24,250,000
  • Address: 100 Marcus Boulevard, Hauppauge, NY
  • Market: Central Suffolk County

The buyer of the industrial property is @BEBCapital. The sale was facilitated by Nicholas Gallipoli, Frank Frizalone, and Thomas Deluca from CushWake.

Players

Thomas DeLuca

Cushman & Wakefield

Broker

$123.7M

vol

14 deals

Broker
BEB Capital
BEB Capital Buyer
BEB Capital
BEB Capital Lender

Hauppauge Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.65%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93