35 Hoffman Ave - Light Manufacturing FOR SALE


Hauppauge, NY 11788
$5,489,000 USD
631-425-1232
35 Hoffman Ave, Hauppauge, NY for Sale
$5,489,000 USD
Light Manufacturing - FOR SALE
1/4
null | Request Cap Rate

35 Hoffman Ave
Hauppauge, NY 11788


HIGHLIGHTS

  • Income-Producing Industrial Asset | 50% Leased with 4% Annual Rent Increases
  • Flexible Opportunity | Vacant 9,960 SF Space with Docks & Drive-In Available for End-User
  • Prime Hauppauge Location | Immediate Access to I-495 & LI Industrial Corridor
  • Ample Parking & Accessibility | 36 Spaces on a 59,242 SF Lot

OVERVIEW

Cushman & Wakefield is pleased to exclusively offer for sale, 35 Hoffman Avenue, Hauppauge, NY. The subject property is a ±19,960 SF industrial warehouse situated on the corner of Newton Place and Hoffman Avenue. Fully sprinklered, the one-story building features a brand new roof, 14’ clear ceiling heights, 600 amps of significant power, and three loading bays (one drive-in and two dock-high positions), accommodating a variety of industrial uses. The asset is currently 50% leased to an international manufacturer, occupying 10,000 SF under a lease expiring in August 2028, providing immediate rental income for investors or end-users. The lease includes 4% annual rent increases. The remaining square footage will be delivered vacant, or with a tenant in-place, offering flexibility for end-user occupancy or additional leasing opportunities. Situated on a 59,242 SF lot, the property includes 36 parking spaces for employees and visitors and provides excellent accessibility, located just off I-495 (Long Island Expressway). This prime Hauppauge location offers convenient access to Nassau County, Manhattan, and the broader Long Island industrial corridor.

FOR SALE DETAILS

PRICE

$5,489,000 USD

PRICE/SF

$275 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Flex

PROPERTY SUBTYPE

Light Manufacturing

ADD'L SUBTYPES

Warehouse

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

UTILITIES

Lighting, Gas, Water, Sewer, Heating - Gas

CLEAR CEILING HT

14 Ft

DOCKS

2

DRIVE INS

1

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.36

LAND SF

59,242

ZONING

IND1

APN/PARCEL ID

0500-038-00-02-00-011-000

ASK ABOUT THIS PROPERTY

Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

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Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1232

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