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1538 Old Country Road

Frank Nicolas Acquires Industrial Property From Bobby Singh For $5.2 Million In Plainview
SOLDIndustrial

Frank Nicolas Acquires Industrial Property From Bobby Singh For $5.2 Million In Plainview

1538 Old Country Road

$5,200,000

$247/SF

Building Size

21,000 SF

Asset Type

Industrial

Closing

Mar 2, 2026

AI

The industrial property located at 1538 Old Country Road in Plainview was sold for a transaction price of $5,200,000. The asset encompasses a total area of 21,000 square feet, resulting in a price per square foot of $247.

Summary of transation details:

  • Property Type: Industrial
  • Transaction Amount: $5,200,000
  • Buyer: Frank Nicolas
  • Seller: Bobby Singh
  • Broker: Luciano Oliverio - Summit Commercial

Luciano Oliverio represented the seller, Bobby Singh, in this transaction, facilitating the deal on behalf of the seller.

Players

Luciano Oliverio

Broker

$84.7M

vol

8 deals

Broker

Frank Nicolas

Buyer

$5.2M

vol

1 deal

Buyer

Bobby Singh

Seller

$8.2M

vol

2 deals

Seller

Plainview Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93