Updated Sep 2, 2026
Skyline-Medico Realty LLC Acquires Industrial Property In Plainview For $7.608M
11 Skyline Drive
$7,608,000
$160/SF
Building Size
47,421 SF
Asset Type
Industrial
Closing
Mar 13, 2024
About this deal
AI
An industrial property in Plainview has been sold for $7.608 million to Skyline-Medico Realty LLC, an affiliate of Ruhof Corp. The 47,421-square-foot building on 1.82 acres at 11 Skyline Drive.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,608,000
- Market: Plainview
- Address: 11 Skyline Drive
- Square Footage: 47,421
- Price per Square Foot: $160
The buyer, Skyline-Medico Realty LLC, an affiliate of Ruhof Corp, acquired the industrial property. Representing the buyer was Gregory Picker from Industry One Realty Corporation. On the selling side, The Skyline Holdings LLC was represented by Dean Greiner from Greiner-Maltz Real Estate.
On the Map
$7,608,000
$160/SF
Industrial
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Players
Plainview 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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93