facebook
Traded Co logo
Submit

Giapreet LLC Acquires Industrial Property In Hauppauge For $8.4M

Property Image
SOLD
$8,400,000

New York

See Similar Deals
Industrial35,760 SF
Sold 10/06/2022
the dealplayerscompscontact
Property Image
SOLD

Giapreet LLC Acquires Industrial Property In Hauppauge For $8.4M

40 Ranick Road, Hauppauge, New York 11788, United States

See Similar Deals
Industrial35,760 SF
Sold 10/06/2022
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$234
Total Square Footage:35,760 SF
Transaction Type:Sale

A 2.2-acre industrial property located at 40 Ranick Drive in Hauppauge was recently sold for $8,400,000. The property spans 35,760 square feet, resulting in a price per square foot of $235. The sale took place on October 6, 2022, and the transaction involved Giapreet LLC as the buyer and Deslie LLC as the seller.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $8,400,000
  • Address: 40 Ranick Drive, Hauppauge
  • Market: Hauppauge
  • Acres: 2.2
  • Buyer: Giapreet LLC
  • Seller: Deslie LLC
  • Buyer's Representative: Jeffrey Schwartzberg & Jason Miller - Premier Commercial Real Estate
  • Seller's Representative: Richard Cohen - Ashlind Properties
  • Square Feet: 35,760
  • Price per Square Foot: $235

Jeffrey Schwartzberg, Jason Miller, Richard Cohen, Premier Commercial Real Estate, and Ashlind Properties played key roles as representatives in this transaction.

Players

Richard Cohen
Richard Cohen
7 deals$63.9M volume
BROKER
Premier Commercial Real Estate
Premier Commercial Real Estate
BROKERAGE

Details

SOLD
IMAGE: Jeffrey Schwartzberg & Jason Miller DATE: 10/06/2022 ADDRESS: 40 Ranick Drive MARKET: Hauppauge ASSET TYPE: Industrial ~ ACRES: 2.2 BUYER: Giapreet LLC SELLER: Deslie LLC BUYER'S REP: Jeffrey Schwartzberg & Jason Miller - Premier Commercial Real Estate (@PremierCommercialRealEstate) SELLER'S REP: Richard Cohen - Ashlind Properties (@AshlindProperties) SALE PRICE: $8,400,000 SF: 35,760 ~ PPSF: $235

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)

$448,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,843.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,820.29
Annual Debt Service$477,843.43