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600 W John St, Hicksville, ...

S&K Distribution Leases 10200 Square Feet At 600 W John St In Hicksville
LEASEDOffice

S&K Distribution Leases 10200 Square Feet At 600 W John St In Hicksville

600 W John St, Hicksville, NY, 11801

Building Size

10,200 SF

Asset Type

Office

Closing

Nov 19, 2023

AI

The property asset involved in this lease transaction is located at 600 W John St, Hicksville, NY, 11801. This property consists of a total square footage of 10,200 and is situated within the Hicksville market.

Summary of transation details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 600 W John St, Hicksville, NY, 11801
  • Square Feet: 10,200
  • Tenant: S&K Distribution
  • Landlord: Milvado Property Group
  • Tenant's Representative: Brian Cleva - Cleva / Philips Real Estate Services Corp.
  • Landlord's Representative: David Hercman - Milvado Property Group

The deal features key individuals and companies, highlighted by the involvement of Brian Cleva representing the tenant, S&K Distribution, while David Hercman represents the landlord, Milvado Property Group, in this transaction.

Players

Brian Cleva

Cleva / Philips Real Estate Services Corp.

Broker

2 deals

Broker
Milvado Property Group
Milvado Property GroupLandlord

Hicksville 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