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386 Oakwood Road, Huntingto...

S.K.I. Beer Acquires 67,000 SF Industrial Property In Huntington Station For $8.7M
SOLDIndustrial

S.K.I. Beer Acquires 67,000 SF Industrial Property In Huntington Station For $8.7M

386 Oakwood Road, Huntington Station, NY, USA

$8,700,000

$129/SF

Building Size

67,000 SF

Asset Type

Industrial

Closing

Dec 29, 2020

AI

Located at 386 Oakwood Road in Huntington Station, this industrial property was recently sold for a price of $8,700,000. The property spans over 67,000 square feet, resulting in a price per square foot of $129. The transaction took place on December 30, 2020, and the property is situated on 5.841 acres of land. The property is zoned for heavy industrial use, presenting various opportunities for the buyer.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $8,700,000
  • Square Footage: 67,000
  • Price per Square Foot: $129
  • Address: 386 Oakwood Road
  • Market: Huntington Station
  • Buyer: S.K.I. Beer
  • Buyer's Representative: Carlos Figueroa & John Grasso - East Coast Realtors
  • Seller's Representative: Joseph Sorbara & Chip Entwistle - ACC SPACE
  • Note: The property was delivered vacant.

Carlos Figueroa and John Grasso from East Coast Realtors served as the buyer's representatives in this transaction, while Joseph Sorbara and Chip Entwistle from ACC SPACE represented the seller. With this sale, S.K.I. Beer is now the new owner of this spacious industrial property in Huntington Station.

Players

Chip Entwistle

ACC Space

Broker

$21.9M

vol

6 deals

Broker

Huntington Station 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

1.82%

Cash-on-Cash

-0.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93