Updated Oct 29, 2024
Venture One Real Estate Acquires Industrial Property In Long Island For $9.3M
105 Sea Lane
$9,300,000
$265/SF
Building Size
35,000 SF
Asset Type
Industrial
Closing
Nov 14, 2022
About this deal
AI
105 Sea Lane, an industrial property located in Long Island, has been sold in a closed transaction. The property spans 35,000 square feet and was sold for a total price of $9,300,000, resulting in a price per square foot of $266.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,300,000
- Address: 105 Sea Lane
- Market: Long Island
The buyer in this transaction was Venture One Real Estate, while the seller was MBS Associates. The deal was facilitated by the brokers Marc Duval, Jordan Avanzato, and Nick Stefans from JLL. They represented the respective parties throughout the transaction.
Players
Farmingdale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93