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10 Wilcox Avenue, Center Moriches 10 Wilcox Ave 10,415 SF 100% Leased Industrial Building Center Moriches, NY 11934 $2,100,000 ($201.63/SF) 7.92% Cap Rate
INVESTMENT HIGHLIGHTS
- Calling All Investors, Developers & End-Users!!! 7.92 Cap, 5 Unit Investment Property With Solid Tenants On A HUGE 2+ Acre Lot For Sale!!!
- The Property Also Features A Fenced Lot, Public Garage Permit, All New LED Lighting, CAC, +++!!!
- Neighbors Include Starbucks, Capital One Bank, The Home Depot, Stop & Shop, Dunkin’, 7-Eleven, CVS, McDonald’s, Kohl’s, Mobil, Baskin Robins, +++!!!
- The Property Features Great Exposure, Excellent Signage, 400 Amp 3 Phase Power, 16' Ceilings, 126 Parking Spaces, Strong J-2 Zoning, +++!!!
- The Property Is Located In The Heart Of Center Moriches Just Minutes From Sunrise Highway & William Floyd Parkway!!!
- This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!!
EXECUTIVE SUMMARY
Calling All Investors, Developers & End-Users!!! 7.92 Cap, 5 Unit Investment Property With Solid Tenants On A HUGE 2+ Acre Lot For Sale!!! All Tenants Pay Their Own Utilities & Have Long Leases In Place!!! The Property Features Great Exposure, Excellent Signage, 10,415 Sqft. Building With 400 Amp 3 Phase Power, 16' Ceilings, 126 Parking Spaces, Strong J-2 Zoning, Fenced Lot, Public Garage Permit, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Center Moriches Just Minutes From Sunrise Highway & William Floyd Parkway!!! Neighbors Include Starbucks, Capital One Bank, The Home Depot, Stop & Shop, Dunkin’, 7-Eleven, CVS, McDonald’s, Kohl’s, Mobil, Baskin Robins, Family Dollar, Wendy’s, Lidl, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!!
Income:
Dance Elektra (4,712 Sqft.): $62,352 Ann.; 2% Ann. Inc.; Lease Exp.: 5/31/27.
C & J Truck Repair (1,700 Sqft.): $52,450.92 Ann.; 3% Ann. Inc.; Lease Exp.: 2/28/30.
C & J (Yard Space): $12,000 Ann.
Office (500 Sqft.): $21,600 Ann.
2 Br. Apt. + Contractor Office & Yard Space : $48,000 Ann. Lease Exp.: 1/2029.
Gross Income: $196,402.92 Ann.
Expenses:
Gas: $0 Ann.
Oil: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,856 Ann.
Taxes: $26,191.54
Water: $0 Ann.
Snow & Landscape: $850 Ann.
Total Expenses: $30,147.54 Ann.
Net Operating Income (NOI): $166,255.38 Ann. (7.92 Cap!!!)
Income:
Dance Elektra (4,712 Sqft.): $62,352 Ann.; 2% Ann. Inc.; Lease Exp.: 5/31/27.
C & J Truck Repair (1,700 Sqft.): $52,450.92 Ann.; 3% Ann. Inc.; Lease Exp.: 2/28/30.
C & J (Yard Space): $12,000 Ann.
Contractor (2,250 Sqft.): $48,000 Ann.; Lease Exp.: 8/1/26.
Contractor (Yard Space): $18,000 Ann.
Office (500 Sqft.): $21,600 Ann.
2 Br. Apt.: $33,600 Ann. M-M.
Gross Income: $236,000 Ann.
Expenses:
Gas: $0 Ann.
Oil: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,856 Ann.
Taxes: $26,191.54
Water: $0 Ann.
Snow & Landscape: $850 Ann.
Total Expenses: $30,147.54 Ann.
Net Operating Income (NOI): $205,852.46 Ann. (9.8 Cap!!!)
Income:
Dance Elektra (4,712 Sqft.): $62,352 Ann.; 2% Ann. Inc.; Lease Exp.: 5/31/27.
C & J Truck Repair (1,700 Sqft.): $52,450.92 Ann.; 3% Ann. Inc.; Lease Exp.: 2/28/30.
C & J (Yard Space): $12,000 Ann.
Office (500 Sqft.): $21,600 Ann.
2 Br. Apt. + Contractor Office & Yard Space : $48,000 Ann. Lease Exp.: 1/2029.
Gross Income: $196,402.92 Ann.
Expenses:
Gas: $0 Ann.
Oil: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,856 Ann.
Taxes: $26,191.54
Water: $0 Ann.
Snow & Landscape: $850 Ann.
Total Expenses: $30,147.54 Ann.
Net Operating Income (NOI): $166,255.38 Ann. (7.92 Cap!!!)
Income:
Dance Elektra (4,712 Sqft.): $62,352 Ann.; 2% Ann. Inc.; Lease Exp.: 5/31/27.
C & J Truck Repair (1,700 Sqft.): $52,450.92 Ann.; 3% Ann. Inc.; Lease Exp.: 2/28/30.
C & J (Yard Space): $12,000 Ann.
Contractor (2,250 Sqft.): $48,000 Ann.; Lease Exp.: 8/1/26.
Contractor (Yard Space): $18,000 Ann.
Office (500 Sqft.): $21,600 Ann.
2 Br. Apt.: $33,600 Ann. M-M.
Gross Income: $236,000 Ann.
Expenses:
Gas: $0 Ann.
Oil: $0 Ann.
Electric: $0 Ann.
Maintenance & Repairs: $250 Ann.
Insurance: $2,856 Ann.
Taxes: $26,191.54
Water: $0 Ann.
Snow & Landscape: $850 Ann.
Total Expenses: $30,147.54 Ann.
Net Operating Income (NOI): $205,852.46 Ann. (9.8 Cap!!!)
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$196,402
|
$18.86
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$196,402
|
$18.86
|
| Taxes |
$26,191
|
$2.51
|
| Operating Expenses |
$3,956
|
$0.38
|
| Total Expenses |
$30,147
|
$2.89
|
| Net Operating Income |
$166,255
|
$15.96
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $196,402 |
| Annual Per SF | $18.86 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $196,402 |
| Annual Per SF | $18.86 |
| Taxes | |
|---|---|
| Annual | $26,191 |
| Annual Per SF | $2.51 |
| Operating Expenses | |
|---|---|
| Annual | $3,956 |
| Annual Per SF | $0.38 |
| Total Expenses | |
|---|---|
| Annual | $30,147 |
| Annual Per SF | $2.89 |
| Net Operating Income | |
|---|---|
| Annual | $166,255 |
| Annual Per SF | $15.96 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Bus Line
- Fenced Lot
- Property Manager on Site
- Security System
- Signage
- Yard
- Storage Space
- Monument Signage
- Air Conditioning
ABOUT 10 WILCOX AVE , CENTER MORICHES, NY 11934
Calling All Investors, Developers & End-Users!!! 9.8 Cap, 5 Unit Investment Property With Solid Tenants On A HUGE 2+ Acre Lot For Sale!!! All Tenants Pay Their Own Utilities & Have Long Leases In Place!!! The Property Features Great Exposure, Excellent Signage, 10,415 Sqft. Building With 400 Amp 3 Phase Power, 16' Ceilings, 126 Parking Spaces, Strong J-2 Zoning, Fenced Lot, Public Garage Permit, All New LED Lighting, CAC, +++!!! The Property Is Located In The Heart Of Center Moriches Just Minutes From Sunrise Highway & William Floyd Parkway!!! Neighbors Include Starbucks, Capital One Bank, The Home Depot, Stop & Shop, Dunkin’, 7-Eleven, CVS, McDonald’s, Kohl’s, Mobil, Baskin Robins, Family Dollar, Wendy’s, Lidl, +++!!! This Property Has HUGE Upside Potential!!! This Could Be Your Next Development Site / Home For Your Business!!! Income: Dance Elektra (4,712 Sqft.): $62,352 Ann.; 2% Ann. Inc.; Lease Exp.: 5/31/27. C & J Truck Repair (1,700 Sqft.): $52,450.92 Ann.; 3% Ann. Inc.; Lease Exp.: 2/28/30. C & J (Yard Space): $12,000 Ann. Office (500 Sqft.): $21,600 Ann. 2 Br. Apt. + Contractor Office & Yard Space : $48,000 Ann. Lease Exp.: 1/2029. Gross Income: $196,402.92 Ann. Expenses: Gas: $0 Ann. Oil: $0 Ann. Electric: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $2,856 Ann. Taxes: $26,191.54 Water: $0 Ann. Snow & Landscape: $850 Ann. Total Expenses: $30,147.54 Ann. Net Operating Income (NOI): $166,255.38 Ann. (7.92 Cap!!!)
PROPERTY TAXES
| Parcel Number | 0200-856-00-05-00-003-000 | Total Assessment | $6,500 (2024) |
| Land Assessment | $800 (2024) | Annual Taxes | $26,191 ($2.51/SF) |
| Improvements Assessment | $5,700 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
0200-856-00-05-00-003-000
Land Assessment
$800 (2024)
Improvements Assessment
$5,700 (2024)
Total Assessment
$6,500 (2024)
Annual Taxes
$26,191 ($2.51/SF)
Tax Year
2023
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10 Wilcox Avenue, Center Moriches | 10 Wilcox Ave
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