Tyler Leeson And Peter Deltondo Of Marcus & Millichap Represent Buyer In $20.8M Sayville Retail Sale

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.