Updated Sep 9, 2024
Bernard Esqunet Acquires Industrial Property On Parkway Dr S In Suffolk County For $7.1M
114 Parkway Drive South
$7,100,000
$175/SF
Building Size
40,465 SF
Asset Type
Industrial
Closing
Nov 23, 2022
About this deal
AI
An industrial property located at 114 Parkway Dr S in Suffolk County has been sold. The property spans 40,465 square feet and was sold for a price of $7,100,000, resulting in a price per square foot of $175. The transaction took place on November 23, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,100,000
- Square Footage: 40,465
- Price per Square Foot: $175
- Address: 114 Parkway Dr S
- Market: Suffolk County
Bernard Esqunet purchased the property from Glenn Schneider. The deal was facilitated by Greg Picker of Industry One Realty Corp, representing the buyer, and Howard Nemshin of Atlantic Property Services, representing the seller.
Players
Sydney 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
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93