Updated Dec 2, 2024
Rockefeller Group Acquires Industrial Assets In Long Island For $96M
145 Candlewood Road, Bay Shore, New York 11706, United States
$96,000,000
$223/SF
Building Size
430,000 SF
Asset Type
Industrial
Closing
Dec 17, 2021
About this deal
AI
The industrial property located at 145 Candlewood and 158 Candlewood in Long Island was recently sold in a closed transaction. The property spans approximately 430,000 square feet and is classified as an industrial asset. The sale price for this transaction was $96,000,000, resulting in a price per square foot of $223.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $96,000,000
- SF: 430,000
- PPSF: $223
The buyer in this transaction was Rockefeller Group, while the seller was Rubie’s Costume Shop, represented by Marc Beige. The deal was facilitated by the brokers Jordan Avanzato, Marc Duval, and Nick Stefans from JLL.
Players
Bay Shore Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Nick Stefans to view all their deals.
Browse New York industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.17%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93