Nest Seekers

Freestanding, 100 leased office building at 313 West Old Country Road, Hicksville.

Oyster Bay, NY 11801

Listing

Web ID:5794239
Website:https://www.nestseekers.com/5794239

Property

Ownership: For Sale
Type: Unknown
Lot Size: 0.3 Acres

Financials

Price:$3,050,000
Annual Taxes:$99,388.35

Description

Freestanding, 100% leased office building at 313 West Old Country Road, Hicksville. Approx. 10,284 SF: 5,142 SF of first-floor offices plus a 5,142 SF multi-use office basement, on a 14,364 SF lot with approx. 35 on-site parking spaces. Leased to three tenants; the two largest leases (approx. 92% of rent) are triple net, with tenants paying their share of real estate taxes, insurance and common area maintenance. Current annual rent approx. $303,480 with 3% annual increases, a 9.95% cap rate at the asking price. Anchor tenant leases two-thirds of the building through 3/2029 with a 5-year renewal option. Old Country Road frontage on a primary Long Island office and retail corridor, near the Hicksville LIRR station. Financial package available upon execution of a confidentiality agreement. Tenant occupied; 24-hour notice required for showings.

Amenities

  • Electricity Connected
  • Water Connected

Contact

Long Island
6243 Northern Blvd
Phone:
adrianl@nestseekers.com
Listing Courtesy of Yaos Realty LLC
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