Northbridge Partners Acquires Industrial Property In Western Suffolk County For $6.9M
SOLD
$6,900,000
New York
See Similar DealsIndustrial16,000 SF
Sold 06/03/2020
SOLD
Northbridge Partners Acquires Industrial Property In Western Suffolk County For $6.9M
280 Skip Lane, Bay Shore, NY 11706, USA
See Similar DealsIndustrial16,000 SF
Sold 06/03/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$431
Total Square Footage:16,000 SF
Transaction Type:Sale
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
BROKERAGE
Details
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$367,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,514.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,709.52
Annual Debt Service$392,514.24
Is there something missing? Send suggestions