A prime Industrial Investment property located in the heart of the busy Deer Park business center. A one-story manufacturing & warehouse facility consisting of 15,000 sq. ft. on a 43,560 sq. ft. lot. Built in 1947 and fully remodeled to suit a solid and current NNN manufacturing tenant whose initial lease term expires in April 2024. This is a NNN lease with tenant paying $125,000 per year, plus CAM and real estate taxes. Approximately $5,000 annually for insurance. Lease escalations are 2% annually. NOI of approximately $120,000 yielding a 4.6% CAP rate. Main entrance of the building contains a reception area along with offices. Building has 16’-18’ ceilings except in office areas. HVAC located on the roof, heavy power, 3 exits, no sprinklers, and no basement. 1 exterior loading dock, 33 parking spaces. 2 compressor rooms, 8 labs, clean rooms, 2 kitchens and bathrooms. Easily accessible from the Sagtikos Parkway and Route 231. Near the LIRR – Deer Park Station.
Status For Sale
Location Deer Park, NY
Type Industrial Investment Property
Listing Agent:John Magnani
Listing Agent:Alison Faranello
Interested In This property?
The listing agent will give you a call back as soon as possible.