Kings Prime Equities Purchases Industrial Property At 135 Baylis Road Melville For $20 Million

The property involved in the transaction is an industrial asset located at 135 Baylis Road, Melville. The sale price for this 91,428-square-foot warehouse was $20,000,000, resulting in a price per square foot of $219.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $20,000,000
• Address: 135 Baylis Road
• Market: Melville
• Square Footage: 91,428
• Price Per Square Foot: $219
• Buyer: Kings Prime Equities
• Seller: Melville Beverage Partners
• Brokers: Brandon Lichtenstein, Jason Maietta, Richard Warshauer, Robert Steinhart & Tommy Rosati - Colliers International

The transaction was facilitated by Colliers International, with key brokers including Brandon Lichtenstein, Jason Maietta, Richard Warshauer, Robert Steinhart, and Tommy Rosati. Kings Prime Equities plans to utilize the property for their operations following the acquisition from Melville Beverage Partners.