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State Farm Insurance 1044 Suffolk Ave 7,000 SF Office Building Brentwood, NY 11717 $895,551 CAD ($127.94 CAD/SF) 7.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Occupancy History with a Highly Established Tenant
- 5% Annual Rent Increases
- Low Rent and Price Point, Significantly Below Replacement Cost
- Landlord-Friendly Lease
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a State Farm Insurance located at 1044 Suffolk Ave, Brentwood, NY 11717. This State Farm Insurance is subject to an original 5-year Double Net (NN) lease, which commenced 8/1/2010. Rent escalates to $48,552 in August of 2026, and has scheduled increases of 5% annually throughout the term.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
7,000 SF
Building Class
B
Year Built
2018
Price
$895,551 CAD
Price Per SF
$127.94 CAD
Cap Rate
7.50%
NOI
$67,166 CAD
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,500 SF
Building FAR
0.40
Lot Size
0.40 AC
Zoning
AA
AMENITIES
- Bus Line
- Signage
PROPERTY TAXES
| Parcel Number | 0500-117-00-03-00-093-002 | Improvements Assessment | $133,338 CAD |
| Land Assessment | $28,754 CAD | Total Assessment | $162,091 CAD |
PROPERTY TAXES
Parcel Number
0500-117-00-03-00-093-002
Land Assessment
$28,754 CAD
Improvements Assessment
$133,338 CAD
Total Assessment
$162,091 CAD
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State Farm Insurance | 1044 Suffolk Ave
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