For Sale
$9,000,000

1 Leecon CtSouthampton, NY 11968

Six Units, High ROI, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents six 2,500-square-foot industrial units totaling 15,000 square feet, situated in a prime Southampton, NY location. The property, part of a well-maintained 12-unit, two-building business condo complex constructed in 2005, boasts a 5.00% cap rate and a strong net operating income (NOI) of $450,000. Each unit features a 30-foot ceiling height and is currently leased under full triple-net (NNN) agreements. The convenient location is just one-third of a mile from County Road 39/Route 27, ensuring easy access and high visibility. The property is zoned LI-40 and offers an excellent opportunity for investors seeking a stable, high-return industrial portfolio in a desirable Long Island market. The asking price is $9,000,000. This meticulously maintained property presents a rare chance to acquire a turnkey investment with significant upside potential. The complex's modern construction and strong tenant occupancy make this an attractive proposition for discerning investors.

Highlights

  • $9,000,000 asking price.
  • 15,000 square foot industrial property with a 5.00% cap rate and $450,000 NOI.
  • Six 2,500 square foot units, each with a NNN lease in place.
  • Located in a well-maintained 12-unit, 2-building business condo complex built in 2005.
  • Conveniently located 1/3 mile from County Road 39/Route 27 in Southampton, NY.

Property Details for 1 Leecon Ct

Property type
Warehouses, Industrial properties
Square Feet
15,000 SF
Units
6

Location Insight

City
Southampton
County
Suffolk
State
New York
Latitude
40.893321590312
Longitude
-72.419426069134
1 Leecon Ct, Southampton, New York

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1 Leecon Ct
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