Alterra Property Group Acquires Industrial Property In South Central Suffolk County For $4.6M

An industrial property located at 93 Sills Road in South Central Suffolk County was recently sold in a single tenant NNN lease investment sale. The property, zoned as L1, spans 16,000 square feet and was sold for a total of $4,600,000. The sale price equates to a per square foot value of $287. Alterra Property Group acquired the property.

Summary of transaction details

• Property Type: Industrial - Single Tenant NNN Lease Investment Sale
• Transaction Amount: $4,600,000
• Address: 93 Sills Road
• Market: South Central Suffolk County
• Zoning: L1

The deal was facilitated by Cushman & Wakefield, with Thomas DeLuca, Frank Frizalone, Nicholas Gallipoli, and John Giannuzzi representing the buyer, Alterra Property Group.