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3194 Lawson Boulevard

Oceanside, NY 11572
  • $1,088,000
  • STATUS: Active
  • ON SITE: 145 Days
  • MLS #: 3328775
UPDATED: 70 min ago
$1,088,000
  • 0
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
2008
County:
Area:

School Ratings & Info

Description

The lease is for 20 years it's triple net. The safety swim invested $750,000 to renovate the space and put in the pool and do the exterior like brand-new stucco and such to build it to their needs. The owner of the property is/ has been giving them $30,000 off the rent for the first 12 years. The current rent with the rebate is the $67,239 triple net. The rent goes up by 5% every two years. The big jump in the rent happens in 2022 when the rebate ends. In 2022 when the rebate ends the rent goes up to $117,369 triple net. The lease expires in 2028. Once the rent goes up to $117,000 and change into thousand and 22 hypothetically if you were to sell it at a 7% cap rate you'd be able to sell it for $1,700,000.

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© 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Carollo Real Estate. Data last updated: 2021-12-02T23:16:49.56.
www.carollorealestate.com/homes/119198158
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3194 Lawson Boulevard Oceanside, NY 11572

  • Price: $1,088,000
  • Status: Active
  • On Site: 145 Days
  • Updated: 70 min ago
  • MLS #: 3328775
0
Beds
0
Baths
0
½ Baths
0.37
Acres
2008
Built
Neighborhood:
Hempstead
County:
Nassau
Area:
Hempstead
Property Description
The lease is for 20 years it's triple net. The safety swim invested $750,000 to renovate the space and put in the pool and do the exterior like brand-new stucco and such to build it to their needs. The owner of the property is/ has been giving them $30,000 off the rent for the first 12 years. The current rent with the rebate is the $67,239 triple net. The rent goes up by 5% every two years. The big jump in the rent happens in 2022 when the rebate ends. In 2022 when the rebate ends the rent goes up to $117,369 triple net. The lease expires in 2028. Once the rent goes up to $117,000 and change into thousand and 22 hypothetically if you were to sell it at a 7% cap rate you'd be able to sell it for $1,700,000.
Exterior Features

Building Size 16000 Business Parking Spaces 23

Interior Features

Ceiling Height 0

Property Features

Business Type Industrial Net Operating Income 82568.00 Property Sub Type Industrial Property Type Commercial Sale Tax Annual Amount 0.00 Tax Block 209 Zoning Description 5450

Listing courtesy of Richard Matt Shane of All Island Estates Realty Corp.
© 2021 OneKey MLS. All rights reserved.


© 2021 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Carollo Real Estate. Data last updated: 2021-12-02T23:16:49.56.
 
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