Northbridge Partners Acquires Industrial Property In Western Suffolk County For $6.9M
280 Skip Lane, Bay Shore, NY 11706, USA
$6,900,000
$431/SF
Building Size
16,000 SF
Asset Type
Industrial
Closing
Jun 3, 2020
AI
An industrial property located at 280 Skip Lane in Western Suffolk County was recently sold for $6,900,000. The property spans 16,000 square feet, resulting in a price per square foot of $431. The transaction took place on 06/03/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $6,900,000
- Address: 280 Skip Lane
- Market: Western Suffolk County
- Buyer: Northbridge Partners - George Gregory
The sale of this industrial property was facilitated by brokers Thomas DeLuca, Frank Frizalone, and Nicholas Gallipoli from CushWake.
Players
Bay Shore Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93