Metropolitan Realty Associates Acquires Cold Storage Facility In Bayport For $12.6M

A 75,000 sqft cold storage facility located at 33 Rajon Road in Bayport, Long Island, was sold for $12.6 million. The property was originally occupied by Europastry.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $12,600,000
• Address: 33 Rajon Road
• Market: Bayport
• Square Footage: 75,000
• Price per Square Foot: $168

The sale was facilitated by Nicholas Gallipoli of Cushman & Wakefield representing the seller, while the buyer, Metropolitan Realty Associates, was represented by Doug Omstrom from JLL.