631-425-1232
422-426 Great East Neck Rd, West Babylon, NY for Sale
Warehouse - FOR SALE
1/11
null | Request Cap Rate

422-426 Great East Neck Rd
West Babylon, NY 11704


HIGHLIGHTS

  • Seller to Execute a 9-month Partial Leaseback of 18,798 SF at Sale!
  • USDA Food Processing Facility
  • 14,480 SF Cold Storage Infrastructure
  • Separately Metered Gas and Electric
  • Ample Parking
  • Prime Opportunity for Users and Investors

OVERVIEW

CALL FOR BIDS: THURSDAY, SEPTEMBER 5, 2024 Please be advised that bids for 422-426 Great East Neck Road are due Thursday, September 5, 2024 via email to the exclusive brokers. As exclusive agent, Cushman & Wakefield is pleased to offer a 100% fee interest in 422-426 Great East Neck Road, West Babylon, for sale. The offering includes a mixed-use of industrial & retail totaling +/-25,764 square feet on +/-1.81 acres, featuring existing refrigeration space, owned and occupied by Casanova Meats since 2016. Upon completion of a sale, the seller will execute a partial leaseback of approximately 18,798 SF at $12.76 PSF gross for nine (9) months. The offering is ideally positioned for an end-user / investor with potential to occupy a portion of the building, while collecting rental income from the existing tenants. Suffolk County industrial rents have increased more than 75% over the past 5 years, and industrial vacancy in western Suffolk at 3.00% is the lowest recorded sub-market within Long Island. 422-426 Great East Neck Road is ideally situated in Western Suffolk County with immediate access to Route 109, easily accessible to Route 110, Wellwood Avenue, Long Island Expressway (Exit 49), as well as Sunrise Highway (Route 27).

FOR SALE DETAILS

PRICE

Request Info for Price

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

Storefront, Food Processing, Refrigeration/Cold Storage

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2000

UTILITIES

Heating - Gas

CLEAR CEILING HT

16 Ft

DOCKS

2

DRIVE INS

3

PARKING SPACES

58

LAND DETAILS

LAND ACRES

1.81

LAND SF

78,844

ZONING

Business E / A

APN/PARCEL ID

0100-216-00-01-00-047-000

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.