422-426 Great E. Neck Road West Babylon, NY | For Sale

Property Overview

Address

422-426 Great E Neck Road
West Babylon, NY

Property Overview

Building Size 25,764 SF
Office Area ± 2,500 SF - (2nd Fl.) Included In SF
Building 1 11,644 SF
Building 2 9,300 SF
Building 3 1,600 SF
Building 4 720 SF
Site Area 1.81 Acres
Clear Height 16' Clear
Loading Docks 2
Drive-Ins 3
Parking 58 Spaces
Zoning 422 Great E Neck Rd: Business E 422 Great E Neck Rd: Business E/A
Power TBD
Sewers Yes
Heat Gas
Real Estate Taxes $84,700 Per Annum ($3.44 PSF)
Sale Price $5,900,000

Executive Summary

As exclusive agent, Cushman & Wakefield’s Long Island Industrial Advisory Team is pleased to offer a 100% fee interest in 422-426 Great East Neck Road for sale. The property totals 25,764 square feet on +/- 1.81 acres, situated south of Sunrise Highway, Route 27.

422-426 Great East Neck Road has been owned and occupied by Casanova Meats since 2016. Upon completion of a sale, the seller will execute a partial leaseback of 18,798 SF for 9-month with options to be negotiated. This 25,764-square-foot industrial building is ideally positioned for a user/ investor to add value and achieve market rents.

422-426 Great East Neck Road is ideally located in Western Suffolk County. Overall industrial rental rates in Suffolk County increased more than 60% over the past five years. At the time of sale, the property will be delivered partially leased to Cavasona at a leaseback rate of $12.76 PSF for 9 months, providing investors with an mark-to-market opportunity. The Property features loading docks, ample parking, cold storage ideal for food wholesale / retail use.