83-40 72nd Dr - Light Distribution FOR SALE


Glendale, NY 11375
$13,000,000 USD
516-446-1849
83-40 72nd Dr, Glendale, NY for Sale
$13,000,000 USD
Light Distribution - FOR SALE
1/9
null | 6.45% Cap Rate

Jan '28


83-40 72nd Dr
Glendale, NY 11375


HIGHLIGHTS

  • CAN BE PURCHASED SEPARATELY OR AS A PACKAGE WITH 83-34 72ND DRIVE; NO REAL ESTATE TAXES DUE TO IDA PILOT PROGRAM
  • CURRENT TWO TENANTS - 3 YR LEASES WITH 3 YR OPTIONS - INCOME $838,320/ANNUM
  • 26 CAR PARKING
  • 21,873 SF OF MODERN HIGH END FINISHED OFFICE SPACE
  • 10,000 SF OF WAREHOUSE/INDUSTRIAL SPACE

OVERVIEW

OCCUPANCY - 3 YEARS 21,873 SF OF MODERN HIGH END FINISHED OFFICE SPACE 10,000 SF OF WAREHOUSE/INDUSTRIAL SPACE 26 CAR PARKING NO REAL ESTATE TAXES DUE TO IDA PILOT PROGRAM TWO CURRENT TENANTS: GDI INTEGRATED FACILOITY SERVICE (PUBLICLY OWNED AND TRADED ON THE TORONTO STOCK EXCHANGE) - 3 YR LEASE WITH 3 YR OPTION T-MOBILE LEASE IS FOR EQUIPMENT ON THE ROOF WITH 5 YEAR OPTIONS THROUGH 2032 TOTAL INCOME $838,320/ANNUM

FOR SALE DETAILS

PRICE

$13,000,000 USD

PRICE/SF

$409 USD /SF

CAP RATE

6.45%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.73

LAND SF

31,799

ZONING

M1-1

APN/PARCEL ID

03810-0444

ASK ABOUT THIS PROPERTY

Joseph HentzeHentze-Dor Realty, LLCMore Info
516-446-1849

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Joseph HentzeHentze-Dor Realty, LLCMore Info
516-446-1849

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