The property offers an excellent opportunity to enter the dynamic
Suffolk County industrial market. The region has seen substantial
industrial growth over the last five years, actively responding to
demand. Even with this expansion, the market remains robust, with more
than 600K SF of leasing activity every quarter for the last 13 quarters.
This consistent demand is reflected in strong rent growth, as average
asking rents have increased an impressive 46.3% since 2019. The
property is ideally situated within Long Island’s dense population and
thriving business ecosystem. Suffolk County, in particular, boasts one of
the largest and most diverse workforces in the greater Long Island and
New York metropolitan area, providing a crucial labor pool for industrial
operations
Vitamin Drive has entered into an agreement and as of right with the
Town of Islip, Suffolk County and Health Department to connect the
property to the Suffolk County Sewer District. For context, most of
Suffolk County is not connected to sewers, which gives the subject
property a competitive edge for the Food/Bev Industry, Pharmaceuticals
and other related businesses with sewer requirements.