Michael Kavanagh Of JLL Facilitates $13.75M Industrial Sale In Farmingdale

The industrial property at 303 Smith St, Farmingdale, NY, was sold for $13,750,000.00. This facility spans 96,600 square feet and is located in the Farmingdale market. The building features 76,000 square feet of warehouse space and less than 20,000 square feet of office space. The property is situated on four acres and is less than two miles from the Long Island Expressway.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $13,750,000.00
• Address: 303 Smith St, Farmingdale, NY, 11735
• Market: Farmingdale
• Square Footage: 96,600
• Seller: Siegerman’s Furniture
• Seller's Representative: Michael "Mike" Kavanagh-JLL
• Buyer: Unknown

The transaction involved JLL Capital Markets, which represented the seller, Siegerman’s Furniture. The team included representatives such as Jose Cruz, Jordan Avanzato, Marc Duval, Mike Kavanagh, Nick Stefans, and Andrew Scandalios. Notably, the property is 92 percent leased and has undergone significant capital improvements including the installation of solar power and a new roof.