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
Listing Courtesy of Yaos Realty LLC