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).