50 Nassau Terminal Rd - Warehouse FOR SALE


New Hyde Park, NY 11040
$13,900,000 USD
516-774-4849
50 Nassau Terminal Rd, New Hyde Park, NY for Sale
$13,900,000 USD
Warehouse - FOR SALE
1/4
null | Request Cap Rate

NEW


50 Nassau Terminal Rd
New Hyde Park, NY 11040


HIGHLIGHTS

  • Bonus rear shed
  • Excess land
  • Ample on-site parking

OVERVIEW

A well-positioned industrial property offering in-place income, owner occupancy flexibility, and site improvements suited to a wide range of users. There is a long term lease in place for the front 21,075 SF unit, with a starting modified gross rent of $420,000, inclusive of real estate taxes, with 3% annual escalations (annual average of $495,500 over the term). The space serves as a distribution center and the supply chain backbone for a strong credit tenant that has rapidly expanded its U.S. retail footprint and continues to scale aggressively. The tenant invested a significant amount of its own capital into the build-out of the space.

FOR SALE DETAILS

PRICE

$13,900,000 USD

PRICE/SF

$274 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Distribution, Light Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

UTILITIES

Lighting, Gas, Water, Sewer - City, Heating - Gas

CLEAR CEILING HT

14 Ft

DOCKS

4

DRIVE INS

2

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.2

LAND SF

95,832

ZONING

I-B

APN/PARCEL ID

2089-33-K-00-0001-E,2289-33-K-00-0001-K

ASK ABOUT THIS PROPERTY

Dan BrewerBuck Realty of Long Island, Inc.More Info
516-774-4849

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Dan BrewerBuck Realty of Long Island, Inc.More Info
516-774-4849

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