Michael Khodadadian Purchases Waverly Office Plaza In Patchogue For $6.75M With Select Real Equity Advisors

The property involved in this transaction is Waverly Office Plaza, located at 440 Waverly Avenue in Patchogue, NY. The sale price for this office asset was $6,750,000. The asset consists of 9 single-story buildings, totaling approximately 36,380 square feet, and includes 21 individual tenant spaces. The property is set on 5.125 acres and is leased to various long-term tenants, including Stony Brook Medicine, Allstate Insurance, Northwell Health, and Metro Physical Therapy.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $6,750,000
• Address: 440 Waverly Avenue
• Market: Patchogue
• Total Square Footage: 36,380 SF
• Price Per Square Foot: $185
• Buyer: Michael Khodadadian
• Seller: Leon Mayer - SYM Investments
• Buyer's Representative: Ryan Gouse - Select Real Equity Advisors
• Seller's Representative: Jeff Dahlman - Select Real Equity Advisors

The transaction was brokered by Jeff Dahlman and Ryan Gouse, both of Select Real Equity Advisors. Michael Khodadadian is associated with Silverrock Equities, which facilitated the acquisition of Waverly Office Plaza.