Peconic Equities Purchases Industrial Property At 303 Sunnyside Boulevard For $12.05M
303 Sunnyside Boulevard
$12,050,000
$154/SF
Building Size
77,866 SF
Asset Type
Industrial
Closing
Dec 20, 2024
AI
The industrial asset located at 303 Sunnyside Boulevard in Plainview has a total square footage of 77,866. The transaction was finalized for a sale price of $12,050,000, which equates to a price per square foot of $154.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $12,050,000
- Address: 303 Sunnyside Boulevard
- Market: Plainview
- Square Feet: 77,866
- Price Per Square Foot: $154
- Buyer: Peconic Equities
- Brokers: Matthew Ledvina, Peter Hawkins & Tom Attivissimo - Greiner-Maltz Real Estate
The transaction involved the representation of the buyer, Peconic Equities, by brokers Matthew Ledvina, Peter Hawkins, and Tom Attivissimo of Greiner-Maltz Real Estate, facilitating the acquisition of the property in Plainview.
Players
Plainview 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93