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Cordeira Realty
313 W Old Country Road, Hicksville, NY 11801
- $3,050,000
- List Price
- $3,050,000
- Days on Market
- 0
- MLS#
- 1060453
- Status
- ACTIVE
- Property Type
- Office
- Year Built
- 1963
- Property Tax
- $99,388
- School District
- Hicksville
Property 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.
Additional Information
- Acres
- 0.33
- Parking
- Off Street
- Stories
- 1
- Basement
- Finished, Full
- Heating
- Hot Air
- Cooling
- Central Air
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Jianfeng Yao (yaosrealty@gmail.com) from Listing Office: Yaos Realty LLC.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.