facebook
Traded Co logo
Submit

Real Term Logistics Acquires Industrial Property In Nassau County For $17.5M

Property Image
SOLD
$17,500,000
Thomas (Tom) DeLuca
Nicholas (Nick) Gallipoli
Frank Frizalone
+ 2

New York

See Similar Deals
Industrial52,050 SF
Sold 05/21/2021
the dealplayerscompscontact
Property Image
SOLD

Real Term Logistics Acquires Industrial Property In Nassau County For $17.5M

275-280 Oak Drive, Syosset, Nassau County, NY, USA

See Similar Deals
Industrial52,050 SF
Sold 05/21/2021
Thomas (Tom) DeLuca
Nicholas (Nick) Gallipoli
Frank Frizalone
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$336
Total Square Footage:52,050 SF
Transaction Type:Sale

A 52,050 square foot industrial property located at 275-280 Oak Drive in Nassau County has been sold for $17,500,000. The transaction took place on May 21, 2021. The property was purchased by Real Term Logistics, represented by Ben Andreycak and Derek Fish. The sale price of $17,500,000 reflects a price per square foot of $336.

Summary of transaction details

  • Property Type: Industrial
  • Sale Price: $17,500,000
  • Square Footage: 52,050
  • Market: Nassau County
  • Buyer: Real Term Logistics - Ben Andreycak & Derek Fish
  • Seller's Representatives: Thomas DeLuca, Frank Frizalone & Nicholas Gallipoli
  • Broker: Thomas DeLuca, Frank Frizalone & Nicholas Gallipoli - CushWake

The property located at 275-280 Oak Drive in Nassau County was sold to Real Term Logistics, with Ben Andreycak and Derek Fish representing the buyer. The sale price of $17,500,000 reflects a cost of $336 per square foot. Thomas DeLuca, Frank Frizalone, and Nicholas Gallipoli from CushWake served as the seller's representatives in this transaction.

Players

Thomas (Tom) DeLuca
Cushman & Wakefield
Thomas DeLuca
14 deals$123.7M volume
BROKER
Frank Frizalone
Cushman & Wakefield
Frank Frizalone
10 deals$94.4M volume
BROKER
Nicholas (Nick) Gallipoli
Cushman & Wakefield
Nicholas Gallipoli
16 deals$163.5M volume
BROKER
Derek Fish
Derek Fish
4 deals$299M volume
BUYER
BA
Ben Andreycak
3 deals$205.5M volume
BUYER

Details

SOLD
IMAGE: Thomas DeLuca, Frank Frizalone & Nicholas Gallipoli DATE: 05/21/2021 ADDRESS: 275-280 Oak Drive MARKET: Nassau County ASSET TYPE: Industrial BUYER: Real Term Logistics - Ben Andreycak & Derek Fish BROKERS: Thomas DeLuca, Frank Frizalone & Nicholas Gallipoli @CushWake SALE PRICE: $17,500,000 SF: 52,050 ~ PPSF: $336

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$933,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14