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Venture One Acquires Industrial Property In Central Suffolk County For $21M

Property Image
SOLD
$21,000,000
Thomas (Tom) DeLuca
Nicholas (Nick) Gallipoli
BM

New York

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Industrial123,970 SF
Sold 03/25/2022
the dealplayerscompscontact
Property Image
SOLD

Venture One Acquires Industrial Property In Central Suffolk County For $21M

49 Wireless Boulevard, Hauppauge, New York 11788, United States

See Similar Deals
Industrial123,970 SF
Sold 03/25/2022
Thomas (Tom) DeLuca
Nicholas (Nick) Gallipoli
BM
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$169
Total Square Footage:123,970 SF
Transaction Type:Sale

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.

Players

Thomas (Tom) DeLuca
Cushman & Wakefield
Thomas DeLuca
14 deals$123.7M volume
BROKER
Nicholas (Nick) Gallipoli
Cushman & Wakefield
Nicholas Gallipoli
16 deals$163.5M volume
BROKER
BM
Brian McDonagh
3 deals$35.9M volume
BUYER

Details

SOLD
IMAGE: Thomas DeLuca, Brian McDonagh & Nicholas Gallipoli DATE: 03/25/2022 ADDRESS: 49 Wireless Blvd. MARKET: Central Suffolk County ASSET TYPE: Industrial BUYER: Venture One (@VentureOne) - Brian McDonagh BROKERS: Thomas DeLuca & Nicholas Gallipoli - Cushman & Wakefield (@CushWake) SALE PRICE: $21,000,000 SF: 123,970 ~ PPSF: $169

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,120,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$74,608.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$99,550.71
Annual Debt Service$1,194,608.56