516-504-5299
10 Executive Blvd, Farmingdale, NY for Sale
Manufacturing - FOR SALE
1/2
null | Request Cap Rate

10 Executive Blvd
Farmingdale, NY 11735
East Farmingdale


HIGHLIGHTS

  • Fully leased to Enzo Life Sciences with long-term stability
  • IDA tax inducement enhances investment returns
  • New roof installed in 2024 and generator in place
  • Specialized cold storage infrastructure (1 freezer, 5 refrigerators)
  • Located on Suffolk/Nassau border with excellent highway accessf

OVERVIEW

Positioned in the heart of the North Farmingdale Industrial Park, 10 Executive Boulevard presents a rare opportunity to acquire a fully leased, single-tenant R&D facility with long-term income stability. The ±22,000 SF building sits on a 1.5-acre parcel straddling the Suffolk/Nassau county line, offering strategic access to Long Island’s major commercial corridors and workforce hubs. The property is leased to Enzo Life Sciences under a 7–10 year net lease with annual escalations and a five-year renewal option at fair market value. With a net annual rental income of $374,000 and maintenance responsibilities handled by the tenant, this asset offers a low-touch investment profile. The building benefits from an IDA tax inducement, enhancing its financial appeal. Recent capital improvements include a new roof installed in 2024 and a building-wide generator. The facility features 16’ clear heights, one loading dock, one drive-in bay, and robust infrastructure including 1,600 AMPS of power and gas heating. Specialized buildouts include one walk-in freezer and five walk-in refrigerators, making it ideal for life sciences or temperature-sensitive operations. Located minutes from Route 110, the Long Island Expressway (I-495), and Southern State Parkway, the site offers excellent regional connectivity. The surrounding area includes a mix of industrial, office, and retail uses, with proximity to Melville, Plainview, and Farmingdale’s vibrant commercial districts.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Struthers

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Manufacturing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

1

DRIVE INS

1

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.5

LAND SF

65,340

ZONING

G

APN/PARCEL ID

0100-094-00-01-00-088-002

ASK ABOUT THIS PROPERTY

Kyle BurkhardtNewmarkMore Info
516-504-5299

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Kyle BurkhardtNewmarkMore Info
516-504-5299

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.