Candor Capital Acquires Hauppauge Industrial Property For $12.1M

The industrial property located at 185 Commerce Drive in Hauppauge has been sold in a transaction. The property spans approximately 57,000 square feet and was sold for a price of $12,100,000, resulting in a price per square foot of $212. The sale took place on 10/19/2023.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,100,000
• Address: 185 Commerce Drive, Hauppauge
• Square Footage: 57,000

The buyers of the property are Ben Meshel and Adam Ibrahim, representing Candor Capital. The sellers of the property are Widex. The transaction was facilitated by Chelsea Mandel from Ascension.