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51 East Bethpage Road

LabCorp Leases 13605 Square Feet At 51 E Bethpage Rd Plainview With Tenant Rep Matt Manoogian
LEASEDOffice

LabCorp Leases 13605 Square Feet At 51 E Bethpage Rd Plainview With Tenant Rep Matt Manoogian

51 East Bethpage Road

Building Size

13,605 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property involved in the transaction is located at 51 E Bethpage Rd, Plainview, NY, 11803. It encompasses a total area of 13,605 square feet and is situated in the Plainview market. The landlord for this lease is Anton-Cerrone Associates.

Summary of transaction details:

Key individuals involved in the transaction include Matt Manoogian representing the tenant, LabCorp, and David Hunt Solomon representing the landlord, Anton-Cerrone Associates. The transaction reflects the collaborative efforts of CBRE and Berkshire Hathaway HomeServices in facilitating the lease agreement.

Players

David Hunt Solomon

Coldwell Banker

Broker

$186.9M

vol

29 deals

Broker
AA
Anton-Cerrone AssociatesLandlord
L
LabcorpTenant

Plainview Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93