127-01 / 23 Merrick Boulevard, Jamaica NY | Retail Strip | $ 5,500,000

Home/Completed, Investment Sales, Past Transactions/127-01 / 23 Merrick Boulevard, Jamaica NY | Retail Strip | $ 5,500,000

127-01 / 23 Merrick Boulevard, Jamaica NY | Retail Strip | $ 5,500,000

  • AssetCRG represented both the buyer and the seller
  • Sold For: $ 5,500,000
  • Asset Type: Retail Property
  • Square Footage: 13,250
  • CAP: 6.5 %

Details

Asset Commercial Realty Group has been exclusively retained to market 127-01 Merrick Boulevard, Jamaica, NY.

The building spans a total of 13,250 SF on a 18,000 SF lot. The property was built in 2006. The center is 100% Occupied and encompasses a full block front on Merrick Boulevard between Selover Road and Andreson Road. Vibrant mix of Tenants with annual rent increases of 3%. The strip center is surrounded by national and local retailers. Tenants reimburse for all utilities and contribute to Real Estate Taxes. 100% Occupied. Most tenants have been in the center for over 5 years.

Additional Information

Asset Type

Retail

City

Queens

Neighborhood

Jamaica

Price

$ 5,500,000

Building Size

13,250 SF

Cap Rate

6.5%

 

Map

 

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Our strong relationships with national retailers & office tenants, the broader real estate community, brokers, contractors, architects, engineers, attorneys, and local municipalities offer significant benefits to property owners. We're proud to provide the most comprehensive investment sales, leasing, and property management services across Metropolitan New York and Long Island.

Contact Info

215-15 Northern Boulevard,
3rd Floor
Bayside, NY 11361

Phone: 646.586.2091

Fax: 646.767.6790

Web: www.assetcrg.com