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2100 Pacific Street, Hauppa...

Colliers International Brokers Sell Hauppauge Industrial Property For $38.5M
SOLDIndustrial

Colliers International Brokers Sell Hauppauge Industrial Property For $38.5M

2100 Pacific Street, Hauppauge, New York 11788, United States

$38,500,000

$275/SF

Building Size

140,000 SF

Asset Type

Industrial

Closing

May 4, 2022

AI

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.

Players

Jason Maietta

Colliers

Broker

$118.3M

vol

7 deals

Broker

Hauppauge Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.41%

Cash-on-Cash

-0.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93