Hauppauge office buildings sold
Hauppauge office buildings in New York were sold for $ 15 million. The buildings were acquired by Along Island real estate company.
Sales price has not been announced. However, according to the information received, the buildings were sold for $ 15 million.
The buildings, which were built in 1971, consist of 2 units as East Towers and West Tower. The buildings were built on a total area of 144,000 square meters. The building on the 330 Motor Parkway consists of 4.446 acres, 350 Motor Parkway 3.24 acres.
The occupancy rate in both buildings is 90 percent.
The buildings were ruled by Jeff Supinsky and Bob Agahi for over 2 years. The company’s portfolio includes buildings in Westbury, Rockville Center, Hicksville, Hempstead, and Franklin Square.
“While institutional investors seem to shy away from the suburban office asset class, we see value in suburban marketplaces and are looking to grow our portfolio substantially in the years ahead,” Agahi said in a written statement.
Adam Rochlin represented the buyer. Jose Cruz and Kevin O’Hearn represented the dealer.
Sevdenur Demir / realestatecoulisse.com
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