The property asset involved in this transaction is an office space located at 200 West Carver Street in Huntington. It has a total square footage of 15,845 and has an asking rent of $37.50 per foot, leading to an annual amount of $594,188. The lease type is a Single Net Lease with a term of 15 years, secured with a corporate guarantee.

Summary of transation details:

• Property Type: Office
• Transaction Amount: $594,188
• Landlord: Peconic Equities
• Tenant: United Healthcare
• Lease Term: 15 Years
• Lease Type: Single Net Lease
• Market: Huntington
• Address: 200 West Carver Street
• Asking Rent: $37.50/ft
• Square Footage: 15,845

Corey Gluckstal and Andrew Zambratto were the individuals involved in representing Peconic Equities in this lease transaction. The multi-tenant building, known as Carver Medical Center, was previously acquired in 2021 with expiring leases. The building is set to undergo modernization over the next 12 months in two phases, allowing United Healthcare to continue treating patients during the renovations.