Matthew Lee Acquires Industrial Property From Moyer Packing Company For $950,000

The industrial property located at 120 Kean Street in West Babylon was sold for $950,000. This 6,150 square foot warehouse, formerly used as a cooking oil recycling facility, sits on a 16,248 square foot lot. The transaction drew significant interest from investors and end-users due to its rarity in the industrial area near Edison Avenue.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $950,000
• Square Footage: 6,150
• Address: 120 Kean Street, West Babylon
• Market: West Babylon
• Buyer: Matthew Lee
• Seller: Moyer Packing Company
• Brokers: Daniel Abbondandolo & Victor Little - Cushman & Wakefield

Cushman & Wakefield's Long Island Investment Sales team, represented by Dan Abbondandolo as the Executive Director and Victor Little as an Associate, successfully facilitated the sale of the industrial property. The asset's unique history as a former cooking oil recycling firm added to its appeal among interested parties.