Updated Dec 4, 2024
15 Hunt LLC Purchases 3.5 Acre Industrial Property In Bohemia For $3.5 Million
3040 Veterans Memorial Highway
$3,500,000
Building Size
—
Asset Type
Industrial
Closing
Nov 25, 2024
About this deal
AI
15 Hunt LLC has acquired a 3.5-acre property located at 3040 Veterans Memorial Highway in Bohemia, with a transaction price of $3.5 million. The property, which was previously utilized as a bus depot, will see plans for the development of a 50,000 square-foot multi-tenant industrial building.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,500,000
- Address: 3040 Veterans Memorial Highway
- Market: Bohemia
- Acres: 3.5
- Building Square Footage: 50,000
- Price Per Building Square Foot: $70
- Buyer: 15 Hunt LLC
- Seller: Great River Enterprises Two LLC
- Buyer's Representative: Marko Glavadanovic - CBRE
- Seller's Representative: Mark Pawlitschek - Compass
Marko Glavadanovic, representing the buyer, and Mark Pawlitschek, representing the seller, played key roles in facilitating this transaction. Both are associated with reputable firms, CBRE and Compass, respectively, which underscores the professional support available to both parties throughout the deal.
Players
Bohemia 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93