4250 Veterans Memorial Hwy - Office FOR SALE
Holbrook, NY 11741 |
4250 Veterans Memorial Hwy
Holbrook, NY 11741
HIGHLIGHTS
- Optimally located within the historically stable MacArthur Airport marketplace, the Property will continue to offer an excellent value opportunity
- The Property is offered free and clear of existing financing at a below replacement cost price of $24,750,000 ($170 psf), which reflects a 7.5% cap
- MacArthur Plaza has core tenancy that has been in occupancy for many years and should provide ownership with a predictable revenue stream.
- Recent capital improvements of ± $3.5mm, MacArthur Plaza is recognized as being in very good condition with little deferred maintenance.
- The ± 6.03 acre property is located in Islip Township and is zoned IND 1; the real estate markets most sought after industrial zoning designation
- The average reasonable base rent of $18.85 psf will offer upside opportunity to the Purchaser
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
MacArthur Plaza Office Building
PROPERTY TYPE
Office
TOTAL BUILDING SIZE
140000
STORIES
5
BUILDING CLASS
A
YEAR BUILT
1970
SPRINKLERS
-
PARKING SPACES
580
LAND DETAILS
LAND ACRES
6.03 AC AC
LAND SF
262,667 SF
ZONING
-
APN/PARCEL ID
0500-173-00-01-00-020-000
