Michael And Daniel Broxmeyer Of MDJ Realty Services Purchase Office Property From CAF Management For $13M

The property asset involved in the transaction is a ±145,000 SF Class A suburban office property located at 4250 Veterans Memorial Highway in Long Island. It was sold for a total transaction amount of $13,000,000, translating to approximately $89 per square foot.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $13,000,000
• Square Footage: ±145,000 SF
• Price Per Square Foot: $89
• Address: 4250 Veterans Memorial Highway
• Market: Long Island
• Buyer: Michael & Daniel Broxmeyer - MDJ Realty Services
• Seller: CAF Management
• Seller's Representatives: Daniel Abbondandolo, Joegy Raju, Victor Little, David Pennetta & Stephen Cadorette - Cushman & Wakefield

The sale of the property was facilitated by Cushman & Wakefield, with Dan Abbondandolo leading the transaction. Joegy Raju, Victor Little, David Pennetta, and Stephen Cadorette were actively involved throughout the marketing and disposition process. The property's location offers strong regional connectivity and is near mixed-use redevelopment initiatives, including Station Yards Ronkonkoma and the Ronkonkoma South project.