Tyler Leeson And Peter Deltondo Of Marcus & Millichap Represent Buyer In $20.8M Sayville Retail Sale
5750 Sunrise Highway
$20,800,000
$143/SF
Building Size
145,000 SF
Asset Type
Retail
Closing
Sep 11, 2025
About this deal
AI
The property involved in the transaction is a retail asset situated at 5750 Sunrise Highway in Sayville. The sale price for the property was $20,800,000. It encompasses a total area of 145,000 square feet, translating to a price per square foot of $143.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $20,800,000
- Square Footage: 145,000
- Price per Square Foot: $143
- Address: 5750 Sunrise Highway
- Market: Sayville
- Buyer's Representative: Tyler Leeson & Peter Deltondo - Marcus & Millichap
- Seller's Representative: Calvin Short - SRS Real Estate Partners & Jeff Christian - First Street
This transaction also includes a corporate-guaranteed triple-net lease for the retailer, which has 14 years remaining on the lease agreement. The ground lease sale was arranged by SRS Real Estate Partners.
On the Map
$20,800,000
$143/SF
Retail
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Players
Sayville 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93