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
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