Giapreet LLC Acquires Industrial Property In Hauppauge For $8.4M
40 Ranick Road, Hauppauge, New York 11788, United States
$8,400,000
$234/SF
Building Size
35,760 SF
Asset Type
Industrial
Closing
Oct 5, 2022
AI
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
Hauppauge 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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93