Department Of War Signs 10-Year Lease For 23,600 Square Feet Office In Carle Place
1 Old Country Road
Building Size
23,600 SF
Asset Type
Office
Closing
Jul 14, 2026
About this deal
AI
The asset at 1 Old Country Road in Carle Place consists of an office property with a total area of 23,600 square feet. This property is leased by the Department of War under a 10-year lease agreement. The landlord for this transaction is DBD Realty Group.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 1 Old Country Road
- Market: Carle Place
- Landlord: DBD Realty Group
- Tenant: Department of War
- Landlord's Representative: Kelly Koukou - Lee & Associates
- Tenant's Representatives: Ralph Guiffre & Richard Freel - CBRE
- Lease Terms: 10-year lease
The Department of War is set to open a regional office at the location in early 2027 following a custom buildout. Lee & Associates NYC represented the landlord DBD Realty Group in this transaction, while CBRE acted on behalf of the tenant, the Department of War.
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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