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State Farm Insurance 1044 Suffolk Ave 7,000 SF Office Building Brentwood, NY 11717 $647,360 ($92.48/SF) 7.50% Cap Rate
Investment Highlights
- Long Occupancy History with a Highly Established Tenant
- 5% Annual Rent Increases
- Low Rent and Price Point, Significantly Below Replacement Cost
- Landlord-Friendly Lease
Executive Summary
Surmount is pleased to present the exclusive listing for a State Farm Insurance located at 1044 Suffolk Ave, Brentwood, NY 11717. This State Farm Insurance is subject to an original 5-year Double Net (NN) lease, which commenced 8/1/2010. Rent escalates to $48,552 in August of 2026, and has scheduled increases of 5% annually throughout the term.
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
7,000 SF
Building Class
B
Year Built
2018
Price
$647,360
Price Per SF
$92.48
Cap Rate
7.50%
NOI
$48,552
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
3,500 SF
Building FAR
0.40
Lot Size
0.40 AC
Zoning
AA
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 0500-117-00-03-00-093-002 | Improvements Assessment | $94,600 |
| Land Assessment | $20,400 | Total Assessment | $115,000 |
Property Taxes
Parcel Number
0500-117-00-03-00-093-002
Land Assessment
$20,400
Improvements Assessment
$94,600
Total Assessment
$115,000
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State Farm Insurance | 1044 Suffolk Ave
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