Daniel Nicholos Purchases Retail Asset In Oceanside For $7.74M With Brokers Tom Bigansky And Cushman & Wakefield

The property asset involved in this transaction is a newly constructed, corporate-guaranteed 7-Eleven located at 2962 Long Beach Road in Oceanside, NY. It was sold for $7,740,000, encompassing a total area of 4,788 square feet, which translates to a price per square foot of $1,616. This retail asset is characterized as a single-tenant net lease investment with long-term corporate guaranteed income.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $7,740,000
• Address: 2962 Long Beach Road
• Market: Oceanside
• Square Footage: 4,788
• Price Per Square Foot: $1,616
• Buyer: Daniel Nicholos
• Buyer's Representative: Tom Bigansky - North Village Realty
• Seller's Representatives: Daniel Abbondandolo & Joegy Raju - Cushman & Wakefield
• Cap Rate: 4.39%

North Village Realty and Cushman & Wakefield collaborated on the sale, highlighting the significance of the Oceanside location within a prime South Shore retail corridor known for strong traffic counts and demographics. The involved representatives played key roles in facilitating this transaction for both the buyer and the seller.