Updated Oct 28, 2024
Alterra Property Group Acquires Industrial Property In South Central Suffolk County For $4.6M
93 Sills Gully Road, Shoreham, Suffolk County, NY, USA
$4,600,000
$287/SF
Building Size
16,000 SF
Asset Type
Industrial
Closing
Sep 2, 2021
About this deal
AI
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.
On the Map
$4,600,000
$287/SF
Industrial
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Players
Shoreham 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93