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
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.
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