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200 Middle Country Road

Vladimir Tama Buys Retail Property At 200 Middle Country Road Middle Island For $3.9M
SOLDRetail

Vladimir Tama Buys Retail Property At 200 Middle Country Road Middle Island For $3.9M

200 Middle Country Road

$3,900,000

$211/SF

Building Size

18,440 SF

Asset Type

Retail

Closing

Dec 18, 2024

AI

The property asset involved in the transaction is a retail space located at 200 Middle Country Road in Middle Island. The sale price for the property was $3,900,000, with a total square footage of 18,440, resulting in a price per square foot of $211.

Summary of transaction details:

The brokers on this transaction, led by Blake Benitez, successfully secured a hard money, day-one commitment with a quick close, demonstrating effective negotiation and transaction facilitation capabilities.

Players

Blake Benitez

Silber Investment Properties

Broker

$18.1M

vol

4 deals

Broker

Middle Island Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93