Cushman & Wakefield Sells Long Island Post Office Portfolio For $14.64M

The Long Island Post Office Portfolio includes four assets totaling over 66,000 square feet and situated on a combined 4.31 acres. These purpose-built facilities, located in Smithtown, Lindenhurst, Williston Park, and Roosevelt, have been continuously occupied by USPS, providing a stable cash flow from a government-backed tenant. The portfolio was sold for $14,642,571, equating to $222 per square foot.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $14,642,571
• Address: 25 Route 111, 65 East Hoffman Avenue, 446 Willis Avenue & 1 Babylon Turnpike
• Market: Smithtown, Lindenhurst, Williston Park & Roosevelt

The exclusive brokers from Cushman & Wakefield who facilitated this successful sale are Nicholas Gallipoli, Daniel Abbondandolo, and Joegy Raju. Dan Abbondandolo serves as the Executive Director, reachable at 516-375-6336 or via email at [email protected]. Meanwhile, Nick Gallipoli, the Managing Director, can be contacted at 631-926-2868 or [email protected].