Updated Feb 28, 2025
Invesco Acquires Industrial Property In Suffolk County For $50M
4320 Veterans Memorial Hwy, Ronkonkoma, Suffolk County, NY, USA
$50,000,000
$211/SF
Building Size
237,000 SF
Asset Type
Industrial
Closing
Sep 10, 2021
About this deal
AI
The industrial property located at 4320 Veterans Memorial Hwy in Suffolk County was recently sold in a transaction. The property spans 237,000 square feet and has been sold for a price of $50,000,000, resulting in a price per square foot of $210.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $50,000,000
- Address: 4320 Veterans Memorial Hwy
- Market: Suffolk County
The buyer of the property is InvescoUS, while the seller is Pacer Partners & Drake Real Estate Partners. The transaction was facilitated by brokers Marc Duval, Jordan Avanzato, and Nick Stefans, representing the parties involved.
Players
Ronkonkoma 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93