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
About this deal
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:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 51 E Bethpage Rd, Plainview, NY, 11803
- Square Feet: 13,605
- Tenant: LabCorp
- Landlord: Anton-Cerrone Associates
- Tenant's Representative: Matt Manoogian - CBRE
- Landlord's Representative: David Hunt Solomon - Berkshire Hathaway HomeServices
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.
On the Map
Office
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Players
Plainview Office Market Snapshot
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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