Shasho Pole Acquires Industrial Building In Bellport For $5.3M

A 19,172 square foot industrial building located at 20 Pinehurst Drive in Bellport has been sold for $5,300,000. The property was purchased by Shasho Pole from the seller, Anthony Leoni.

Summary of transaction details:

• Property Type: Industrial
• Sale Price: $5,300,000
• Square Footage: 19,172
• Price per Square Foot: $276
• Address: 20 Pinehurst Drive, Bellport
• Market: Bellport

Michael Gronenthal and Michael Murphy of Douglas Elliman Commercial represented the seller, Anthony Leoni, in this transaction. They previously sold the same industrial building to the seller one year ago for $4,000,000, with a price per square foot of $208. The industrial market in Long Island remains strong, with many buildings trading at over $200 per square foot. This sale at $276 per square foot sets a new record for similar sale comps in the Medford area and most industrial comps in Suffolk County.