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28 Industrial Boulevard, Me...

Dorf Associates Acquires Industrial Property In Medford, Long Island For $6M
SOLDIndustrial

Dorf Associates Acquires Industrial Property In Medford, Long Island For $6M

28 Industrial Boulevard, Medford, NY, USA

$6,000,000

$81/SF

Building Size

74,058 SF

Asset Type

Industrial

Closing

Feb 18, 2021

AI

The industrial property located at 27 & 28 Industrial Blvd. in Medford, Long Island was recently sold for a total price of $6,000,000. The property spans a total area of 74,058 square feet, resulting in a price per square foot of $81. The sale took place on February 19, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $6,000,000
  • Address: 27 & 28 Industrial Blvd., Medford, Long Island
  • Market: Medford, Long Island

The buyer of this industrial property is Dorf Associates, represented by Eric Dorf, Amy Dorf, and Jason Dorf along with Brent Mako Real Estate Group, represented by Will Kogel. The seller was not mentioned in the provided information. Brian McGuire from NAI Long Island acted as the broker in this transaction.

Players

Brian McGuire

NAI Global

Broker

$6M

vol

4 deals

Broker

Medford 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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93