1044 Suffolk Ave - Office FOR SALE


Brentwood, NY 11717
$647,360 USD
332-345-4220
1044 Suffolk Ave, Brentwood, NY for Sale
$647,360 USD
Office - FOR SALE
1/2
null | 7.5% Cap Rate

1044 Suffolk Ave
Brentwood, NY 11717


HIGHLIGHTS

  • Long Occupancy History with a Highly Established Tenant
  • Low Rent and Price Point, Significantly Below Replacement Cost
  • 5% Annual Rent Increases
  • Landlord-Friendly Lease

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$647,360 USD

PRICE/SF

$92 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

AA

APN/PARCEL ID

0500-117-00-03-00-093-002

ASK ABOUT THIS PROPERTY

Richard NardiSurmountMore Info
332-345-4220

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Richard NardiSurmountMore Info
332-345-4220

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