269 E Main St | East Islip, NY 11730
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269 E Main St
East Islip, NY 11730
Stony Brook Medicine - FitLife Gym · Office Property For Sale
Investment Highlights
- Two-Tenant Net Leases
- Meticulously Renovated and very low Management
- Significant Term and Annual Increases
Executive Summary
Schuckman Realty Investment Sales Exclusive Listing
-SELLER FINANCING AVAILABLE for a quick close. Call for details.
-Beautifully Renovated, Two-Tenant, Low Management Investment Asset.
-Annual increases and lots of term on the two leases.
-Low management, tenants pay 100% taxes and insurance.
-Two separate entrances and parking lots for each tenant, in addition to parking easements granting tenants, patients, and customers access to overflow parking on neighboring lots.
-Newly warrantied Roof - New HVAC systems which tenants maintain.
-SELLER FINANCING AVAILABLE for a quick close. Call for details.
-Beautifully Renovated, Two-Tenant, Low Management Investment Asset.
-Annual increases and lots of term on the two leases.
-Low management, tenants pay 100% taxes and insurance.
-Two separate entrances and parking lots for each tenant, in addition to parking easements granting tenants, patients, and customers access to overflow parking on neighboring lots.
-Newly warrantied Roof - New HVAC systems which tenants maintain.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Office
Property Subtype
Building Size
23,518 SF
Building Class
A
Year Built/Renovated
1966/2022
Price
$11,488,800 CAD
Price Per SF
$489 CAD
Cap Rate
6.41%
NOI
$736,432 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
19,318 SF
Building FAR
0.44
Lot Size
1.24 AC
Zoning
BD
Parking
200 Spaces (8.5 Spaces per 1,000 SF Leased)
PROPERTY TAXES
Parcel Number | 0500-347-00-03-00-050-017 | Improvements Assessment | $196,602 CAD |
Land Assessment | $126,520 CAD | Total Assessment | $323,123 CAD |
PROPERTY TAXES
Parcel Number
0500-347-00-03-00-050-017
Land Assessment
$126,520 CAD
Improvements Assessment
$196,602 CAD
Total Assessment
$323,123 CAD
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