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344 Duffy Avenue, Hicksvill...

Lincoln Equities Group Sells Industrial Property In Hicksville For $74.5M
SOLDIndustrial

Lincoln Equities Group Sells Industrial Property In Hicksville For $74.5M

344 Duffy Avenue, Hicksville, NY, USA

$74,500,000

$380/SF

Building Size

195,600 SF

Asset Type

Industrial

Closing

Jan 3, 2020

AI

An industrial property located at 344 Duffy Ave in Hicksville has been sold for $74,500,000. The property spans approximately 195,600 square feet, resulting in a price per square foot of $380. The sale was facilitated by the Lincoln Equities Group.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $74,500,000
  • Address: 344 Duffy Ave
  • Market: Hicksville

The sale of the industrial property at 344 Duffy Ave was brokered by Jose Cruz, Marc Duval, Jordan Avanzato, Tyler Peck, Rob Kossar, Leslie Lanne, and Tom DiMicelli from JLL Capital Markets.

Players

Jordan Avanzato

NAI James E. Hanson

Broker

$2.5B

vol

52 deals

Broker
LG
Lincoln Equities GroupSeller

Hicksville 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

0.21%

Cash-on-Cash

-0.06%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93