Good Meats Acquires Industrial Property At 430 Wireless Boulevard Hauppauge For $19M
430 Wireless Boulevard
$19,000,000
$380/SF
Building Size
50,000 SF
Asset Type
Industrial
Closing
Jan 8, 2025
AI
The industrial asset is located at 430 Wireless Boulevard in Hauppauge. The sale occurred on January 8, 2025, with a total sale price of $19,000,000. This property encompasses a total square footage of 50,000, resulting in a price per square foot of $380.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $19,000,000
- Square Feet: 50,000
- Price per Square Foot: $380
- Buyer: Good Meats
- Buyer's Representative: John Giannuzzi, Nicholas (Nick) Gallipoli, Thomas DeLuca & Frank Frizalone - Cushman & Wakefield
- Seller's Representative: Philip Shwom - Schacker Real Estate
The transaction involved significant participation from Cushman & Wakefield, with a team of four professionals representing the buyer. Philip Shwom served as the representative from Schacker Real Estate for the seller. The collaboration among these real estate professionals facilitated the closing of this transaction.
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
0.83%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93