Updated Oct 28, 2024
Venture One Acquires Industrial Property In Central Suffolk County For $21M
49 Wireless Boulevard, Hauppauge, New York 11788, United States
$21,000,000
$169/SF
Building Size
123,970 SF
Asset Type
Industrial
Closing
Mar 24, 2022
About this deal
AI
The industrial property located at 49 Wireless Blvd. in Central Suffolk County was recently sold for a total price of $21,000,000. The property spans a total square footage of 123,970, resulting in a price per square foot of $169. The sale was finalized on March 25, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,000,000
- Address: 49 Wireless Blvd.
- Market: Central Suffolk County
- Buyer: Venture One - Brian McDonagh
- Brokers: Thomas DeLuca & Nicholas Gallipoli - Cushman & Wakefield
- Square Footage: 123,970
- Price per Square Foot: $169
The buyer of the property was Venture One, represented by Brian McDonagh. The deal was facilitated by brokers Thomas DeLuca and Nicholas Gallipoli from Cushman & Wakefield.
On the Map
$21,000,000
$169/SF
Industrial
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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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93