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422-426 Great East Neck Rd 25,796 SF 20% Leased Industrial Building West Babylon, NY 11704 $5,723,272 CAD ($221.87 CAD/SF) 7.67% Cap Rate
INVESTMENT HIGHLIGHTS
- Seller to Execute a 9-month Partial Leaseback of 18,798 SF at Sale!
- 14,480 SF Cold Storage Infrastructure
- Ample Parking
- USDA Food Processing Facility
- Separately Metered Gas and Electric
- Prime Opportunity for Users and Investors
EXECUTIVE SUMMARY
As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 422-426 Great East Neck Road, West Babylon, for sale. The offering includes a mixed-use of industrial & retail totaling +/-25,764 square feet on +/-1.81 acres, featuring existing refrigeration space, owned and occupied by Casanova Meats since 2016. Upon completion of a sale, the seller will execute a partial leaseback of approximately 18,798 SF at $12.76 PSF gross for nine (9) months. The offering is ideally positioned for an end-user / investor with potential to occupy a portion of the building, while collecting rental income from the existing tenants. Suffolk County industrial rents have increased more than 75% over the past 5 years, and industrial vacancy in western Suffolk at 3.00% is the lowest recorded sub-market within Long Island. 422-426 Great East Neck Road is ideally situated in Western Suffolk County with immediate access to Route 109, easily accessible to Route 110, Wellwood Avenue, Long Island Expressway (Exit 49), as well as Sunrise Highway (Route 27).
PROPERTY FACTS
AMENITIES
- Yard
UTILITIES
- Heating - Gas
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- CONDITION
- AVAILABLE
- Ground
- 936 SF
- Retail
- Full Build-Out
- Now
- Ground
- 936 SF
- Retail
- Full Build-Out
- Now
- Ground
- 18,872 SF
- Industrial
- Full Build-Out
- Now
| Space | Size | Space Use | Condition | Available |
| Ground | 936 SF | Retail | Full Build-Out | Now |
| Ground | 936 SF | Retail | Full Build-Out | Now |
| Ground | 18,872 SF | Industrial | Full Build-Out | Now |
Ground
| Size |
| 936 SF |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
Ground
| Size |
| 936 SF |
| Space Use |
| Retail |
| Condition |
| Full Build-Out |
| Available |
| Now |
Ground
| Size |
| 18,872 SF |
| Space Use |
| Industrial |
| Condition |
| Full Build-Out |
| Available |
| Now |
1 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | 0100-216-00-01-00-047-000 | Improvements Assessment | $15,106 CAD |
| Land Assessment | $3,240 CAD | Total Assessment | $18,346 CAD |
PROPERTY TAXES
Parcel Number
0100-216-00-01-00-047-000
Land Assessment
$3,240 CAD
Improvements Assessment
$15,106 CAD
Total Assessment
$18,346 CAD
CONTACTS
-
Daniel Abbondandolo -
Nicholas Gallipoli -
John Giannuzzi -
Joegy Raju -
Cushman & Wakefield
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422-426 Great East Neck Rd
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