Realty 3 CT Leases Retail Space To 123 Temu At 150 Wheeler Road In Central Islip
150 Wheeler Road
$18
$18/SF
Building Size
7,000 SF
Asset Type
Retail
Closing
Aug 6, 2025
AI
The property involved in this transaction is a retail asset located at 150 Wheeler Road in Central Islip. It features a total square footage of 7,000 and the asking rent is set at $18 per square foot. The lease type for this transaction is categorized as a NNN Lease.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $18/ft
- Square Footage: 7,000
- Address: 150 Wheeler Road
- Market: Central Islip
- Landlord: Realty 3 CT
- Tenant: 123 Temu
- Landlord's Rep: Aric Schachner & Sam Lefkowitz
- Tenant's Rep: Yu-Nung Kuo - Signature Premier Properties
The deal was facilitated through the representation of Aric Schachner and Sam Lefkowitz on behalf of the landlord, Realty 3 CT, while Yu-Nung Kuo from Signature Premier Properties represented the tenant, 123 Temu. The transaction highlights the collaboration between these individuals as key players in this leasing arrangement.
Players
Central Islip Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
881277.78%
Cash-on-Cash
-251871.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93