SOLD
Shasho Pole Acquires Industrial Building In Bellport For $5.3M
20 Pinehurst Drive
Industrial
19,172 SF
19,172 SF
Sold 1 year ago
Summary
Sale
NEW YORK
Industrial
19,172 sqft
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.
Players
All
3
Agents
2
Agencies
1
Details
SOLD
IMAGE: Michael Gronenthal & Michael Murphy
DATE: 02/17/2023
ADDRESS: 20 Pinehurst Drive
MARKET: Bellport
ASSET TYPE: Industrial
BUYER: Shasho Pole
SELLER: Anthony Leoni
SELLER’S REP: Michael Gronenthal (@Michael.Gronenthal) & Michael Murphy (@MurfCommercialRE) - Douglas Elliman Commercial (@DouglasEllimanCommercialli )
SALE PRICE: $5,300,000
SF: 19,172 ~ PPSF: $276
NOTE FROM BROKER: Michael Gronenthal and Michael Murphy sold this industrial building to this current seller 1 year ago for $4,000,000 ($208 psf). The industrial market on Long Island continues to remain very strong with many buildings trading at $200 psf +. At $276 psf, this transaction smashes all recent similar sale comps in the Medford area, as well as most industrial comps in Suffolk County.
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