Colliers International Brokers Sell Hauppauge Industrial Property For $38.5M
SOLD
$38,500,000
New York
See Similar DealsIndustrial140,000 SF
Sold 05/05/2022
SOLD
Colliers International Brokers Sell Hauppauge Industrial Property For $38.5M
2100 Pacific Street, Hauppauge, New York 11788, United States
See Similar DealsIndustrial140,000 SF
Sold 05/05/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$275
Total Square Footage:140,000 SF
Transaction Type:Sale
An industrial property located at 2100 Pacific St. in Hauppauge has been sold for $38,500,000. The property spans 140,000 square feet, resulting in a price per square foot of $275. This transaction took place on May 5, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $38,500,000
- Address: 2100 Pacific St.
- Market: Hauppauge
- Square Footage: 140,000
- Price per Square Foot: $275
Colliers International facilitated this sale, with Tommy Rosati, Jason Maietta, and Brandon Lichtenstein acting as the brokers representing the parties involved.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,053,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$136,782.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$182,509.64
Annual Debt Service$2,190,115.70
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