Edgar Cimafranca Acquires Industrial Property In Westbury For $2.2M

The industrial property located at 100 Shames Drive in Westbury, NY was recently sold. The asset, a fully vacant flex building, consists of 10,000 square feet of warehouse and office space. Situated on a 20,270 square foot lot, the property also features 20 parking spaces at the rear of the building. The transaction, facilitated by Cushman & Wakefield, had a sale price of $2,200,000, resulting in a price per square foot of $220. The sale of this property showcases the strong demand for industrial/flex sector properties in the area.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $2,200,000
• Address: 100 Shames Drive, Westbury, NY
• Market: Westbury
• Square Footage: 10,000
• Price per Square Foot: $220

Edgar Cimafranca is the buyer of the property, while the seller was represented by Daniel Abbondandolo, Joegy Raju, and Robert Kuppersmith from Cushman & Wakefield. The team successfully facilitated the sale of the industrial property, demonstrating their expertise in capital markets and investment sales. For more information about their services, please contact them directly.