Safeguard Self Storage Acquires Plainview Property For $2.8M With Seller's Rep Kelly Koukou
1522 Old Country Rd, Plainview, NY, 1...
$2,800,000
$155/SF
Building Size
18,000 SF
Asset Type
Office
Closing
Nov 20, 2023
AI
The property located at 1522 Old Country Rd, Plainview, NY was sold for $2,800,000.00. The transaction involved an area of 18,000 square feet. The market for this property is Plainview.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $2,800,000.00
- Square Footage: 18,000
- Address: 1522 Old Country Rd, Plainview, NY
- Market: Plainview
- Seller's Representative: Kelly Koukou - Lee & Associates
- Buyer: Safeguard Self Storage
Kelly Koukou represented the seller, Lee & Associates, in this transaction, while Safeguard Self Storage was the buyer. The deal reflects a strategic acquisition within the market of Plainview.
Players
Plainview Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93