facebook
Traded Co logo
Submit

Mike Jags Purchases Industrial Property In Medford For $1.5M With Douglas Elliman Representation

Property Image
SOLD
$1,500,000

New York

See Similar Deals
Industrial6,000 SF
Sold 08/26/2025
the dealplayerscompscontact
Property Image
SOLD

Mike Jags Purchases Industrial Property In Medford For $1.5M With Douglas Elliman Representation

3164 New York Highway 112

See Similar Deals
Industrial6,000 SF
Sold 08/26/2025
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$250
Total Square Footage:6,000 SF
Transaction Type:Sale

The property involved in the transaction is an industrial asset located at 3165 New York Highway 112 in Medford. The sale occurred at a price of $1,500,000. This industrial space encompasses a total square footage of 6,000 and sits on a 1.4-acre lot, resulting in a price per square foot of $250.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,500,000
  • Square Footage: 6,000
  • Price Per Square Foot: $250
  • Acres: 1.4
  • Buyer: Mike Jags
  • Seller: Stacey Kjaer
  • Buyer's Representative: Michael Gronenthal - Douglas Elliman
  • Seller's Representatives: Dennis Gandley & Michael Murphy - Douglas Elliman

This transaction involved notable representatives from Douglas Elliman, with Michael Gronenthal representing the buyer, Mike Jags, and both Dennis Gandley and Michael Murphy representing the seller, Stacey Kjaer. The involvement of these representatives plays a significant role in facilitating the transaction process.

Players

Michael Gronenthal
38 deals$106.7M volume(516) 439-6789
BROKER

Michael Murphy
Douglas Elliman
23 deals$94.4M volume(631) 858-2460
BROKER

Dennis Gandley
Douglas Elliman
3 deals$4.5M volume(631) 219-7551
BROKER

Details

SOLD
IMAGE: Michael Gronenthal, Dennis Gandley & Michael Murphy DATE: 8/26/2025 ADDRESS: 3165 New York Highway 112 MARKET: Medford ASSET TYPE: Industrial BUYER: Mike Jags SELLER: Stacey Kjaer BUYER'S REP: Michael Gronenthal (@Michael.Gronenthal) - Douglas Elliman (@DouglasElliman) SELLER'S REP: Dennis Gandley (@DennisGandley_CommercialRE) & Michael Murphy (@MurfCommercialRE) - Douglas Elliman (@DouglasEllimanCommercialli) SALE PRICE: $1,500,000 SF: 6,000 ~ PPSF: $250 ACRES: 1.4

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)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18