11 Oval Drive Islandia NY

11 OVAL DRIVE
ISLANDIA, LONG ISLAND
CLASS B OFFICE BUILDING WITH 8 OFFICES
ANCHORED BY EVER BANK
Offering Summary
Ronnie Shaban
Director
Besen & Associates
(646) 424-5062 Direct
(917) 806-6439 Cell
(212) 937-3545 E-Fax
[email protected]
www.besenassociates.com
11 OVAL DRIVE, EAST ISLIP (ISLANDIA LI), NY 11749
ISLANDIA INDUSTRIAL PARK
1-STORY CLASS B BUILDING
APPROXIMATELY 61,305 SF & 550 PARKING SPACES ON 5.8 ACRES
Address:
11 Oval Drive, Islandia, NY 11749
Description:
This property built in 1995 is a single story 61,305 SF office B building with onsite
parking for 550 cars. It is situated on a parcel of approximately 5.8 acres. The property is
located at the southeast corner of Oval Drive, just ½ mile south of the Long Island
Expressway exit 57 and 1.5 miles from the Central Islip LIRR station. Additionally the
property is just 10 minutes away from Central Islip judicial center and conveniently
located minutes from MacArthur Airport, Suffolk County office buildings and major
hotels.
Layout:
Office Units: 8
1st Mortgage:
$2,000,000, Delivered Free and Clear
Price:
$6,900,000 ALL CASH
Remarks:
The building is comprised of 8 units, 1 of which is currently vacant (former MetLife
office). The building’s current occupancy is at 93% at an average rent of $16.76/SF/Year.
The building is in excellent condition with many entrances, beautiful lobby, fully alarmed
and sprinkler system, features 6 bathrooms (2 of which are inside the bank), mail room
and snack room. The property features many windows which gives it lots of air and light.
Building shows very well and is in excellent condition.
Metrics:
Price / SF:
Rent PSF actual:
Cap Rate (%)
Notes:
Inspection by appointment only. Detailed Income and Expenses are available upon request
Sec/Block/Lot: 11-1-37
Parcel ID: 17460
School District: Central Islip
New Price $5,950,000
$97
$16.76
10.65%
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied
as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No
warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
Besen & Associates, Inc., 381 Park Avenue South, New York, NY 10016
(212) 689-8488 Tel · (212) 689-9518 Fax · www.besenassociates.com
11 OVAL DRIVE, EAST ISLIP (ISLANDIA LI), NY 11749
ISLANDIA INDUSTRIAL PARK
1-STORY CLASS B BUILDING
APPROXIMATELY 61,305 SF & 550 PARKING SPACES ON 5.8 ACRES
PROPERTY PHOTOS
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied
as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No
warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
Besen & Associates, Inc., 381 Park Avenue South, New York, NY 10016
(212) 689-8488 Tel · (212) 689-9518 Fax · www.besenassociates.com
11 OVAL DRIVE, EAST ISLIP (ISLANDIA LI), NY 11749
ISLANDIA INDUSTRIAL PARK
1-STORY CLASS B BUILDING
APPROXIMATELY 61,305 SF & 550 PARKING SPACES ON 5.8 ACRES
AERIAL PHOTO
AREA MAP
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied
as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No
warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
Besen & Associates, Inc., 381 Park Avenue South, New York, NY 10016
(212) 689-8488 Tel · (212) 689-9518 Fax · www.besenassociates.com
11 OVAL DRIVE, EAST ISLIP (ISLANDIA LI), NY 11749
ISLANDIA INDUSTRIAL PARK
1-STORY CLASS B BUILDING
APPROXIMATELY 61,305 SF & 550 PARKING SPACES ON 5.8 ACRES
INTERIOR PHOTOS
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied
as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No
warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
Besen & Associates, Inc., 381 Park Avenue South, New York, NY 10016
(212) 689-8488 Tel · (212) 689-9518 Fax · www.besenassociates.com
11 OVAL DRIVE, EAST ISLIP (ISLANDIA LI), NY 11749
ISLANDIA INDUSTRIAL PARK
1-STORY CLASS B BUILDING
APPROXIMATELY 61,305 SF & 550 PARKING SPACES ON 5.8 ACRES
NEARBY BUSINESSES
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable, no express representation is made nor is any implied
as to the accuracy thereof and is subject to error, omissions, change of price, rental or other conditions, prior sale, rental or financing or withdrawal without notice. No
warranties or representations are made as in the condition of the property of any hazards contained therein nor are any implied.
Besen & Associates, Inc., 381 Park Avenue South, New York, NY 10016
(212) 689-8488 Tel · (212) 689-9518 Fax · www.besenassociates.com

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