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IGA 5 S Jersey Ave 36,725 SF Industrial Building East Setauket, NY 11733 $10,940,240 CAD ($297.90 CAD/SF) 6.94% Cap Rate
Investment Highlights
- Large Indoor Facility
- Ample Parking
- Lighted Parking Lot
- Very Well Maintained
- High Income Area of East Setauket
- 2 acres
Executive Summary
Introducing a prime investment opportunity: a 36,725 sq. ft. state-of-the-art indoor pickleball facility located at 5 S. Jersey Ave. in the desirable community of East Setauket. This turnkey property is secured by a brand-new 15-year Triple Net (NNN) lease with a high-performing tenant in the rapidly growing pickleball industry—offering investors long-term, passive income with minimal landlord responsibilities. Strategically situated with easy access to major roadways and surrounded by a strong demographic base, this facility capitalizes on one of the fastest-growing sports in America, making it a stable, future-forward asset for any commercial real estate portfolio.
Property Facts
| Price | $10,940,240 CAD | Rentable Building Area | 36,725 SF |
| Price Per SF | $297.90 CAD | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1990 |
| Cap Rate | 6.94% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.63/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 36’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.99 AC | ||
| Zoning | Industrial/Specialty Use | ||
| Price | $10,940,240 CAD |
| Price Per SF | $297.90 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 6.94% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.99 AC |
| Rentable Building Area | 36,725 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 1.63/1,000 SF |
| Clear Ceiling Height | 36’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Industrial/Specialty Use |
Amenities
- Signage
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Paddles Up
- Arts, Entertainment, and Recreation
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99,999 SF
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Paddles Up | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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Property Taxes
| Parcel Numbers | Improvements Assessment | $71,877 CAD | |
| Land Assessment | $10,633 CAD | Total Assessment | $82,510 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$10,633 CAD
Improvements Assessment
$71,877 CAD
Total Assessment
$82,510 CAD
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IGA | 5 S Jersey Ave
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