Levantino Family Purchases Retail Asset At 301 Walt Whitman Road For $14.2M With Cushman & Wakefield As Seller's Rep

The property asset involved in the transaction is a single-story retail building located at 301 Walt Whitman Road in Huntington Station. It measures approximately 19,530 square feet and was sold for $14,200,000, resulting in a price per square foot of $727. The asset is fully leased to Barnes & Noble and T-Mobile under new 10-year net leases, providing opportunities for strong rent growth with minimal landlord responsibilities.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $14,200,000
• Address: 301 Walt Whitman Road
• Market: Huntington Station
• Square Footage: 19,530
• Price per Square Foot: $727
• Buyer: Levantino Family
• Seller: Wharton Properties
• Seller's Representatives: Chris Sheldon, Daniel Abbondandolo & Joegy Raju - Cushman & Wakefield

Cushman & Wakefield represented Wharton Properties in the sale. The asset's strategic location along the Walt Whitman Road retail corridor enhances its visibility and accessibility. The surrounding area boasts strong demographics, and it is near major regional retail destinations, including Huntington Shopping Center and Walt Whitman Shops, which may contribute positively to the investment dynamics.