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32 Allen Blvd 14,920 SF 100% Leased Industrial Building Farmingdale, NY 11735 $5,250,000 ($351.88/SF) 7.52% Cap Rate
Investment Highlights
- 2026 Renovation
- Cap Rate 7.52%
- Fully NNN Leased
Executive Summary
2026 Meticulously Renovated, NNN Leased Industrial Building. Prime Farmingdale Location, Just Off Route 110. Priced to Sell with 7.52% In-Place Cap Rate and $395,000 NOI. New Mechanical Systems, Updated Roof, New Dock Doors, Updated Plumbing, Newly Paved Surface Parking, Aesthetic Upgrades, & More - All Within the Past Year. Fully Leased with 3-5% Annual Escalations. 14,770 SF Leasable Area with Units Ranging 1,350 to 5,000 SF. Generate Income from Day 1.
Data Room Click Here to Access
Property Facts
Amenities
- 24 Hour Access
- Front Loading
- Signage
- Shallow Bay
- Storage Space
Utilities
- Lighting
- Gas
- Water
- Heating
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Aura Ju Jitsu
- Services
- 1,350 SF
- $31.11
- Triple Net
- Jul 2028
- B&C; Elegant Designs
- Services
- 1,920 SF
- $28.13
- Triple Net
- Dec 2031
- Brandmark Apparel
- Services
- 1,350 SF
- $31.11
- Triple Net
- Jun 2031
- Impact Land Collision
- Services
- 5,000 SF
- $16.80
- Triple Net
- Dec 2031
- NYS Licensed Cannabis Grower
- Services
- 2,450 SF
- $53.88
- Triple Net
- Dec 2031
- Office Furniture Distributor
- Services
- 1,350 SF
- $35.56
- Triple Net
- Aug 2031
- TJA Auto Body
- Services
- 1,350 SF
- $18.67
- Triple Net
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Aura Ju Jitsu | Services | 1,350 SF | $31.11 | Triple Net | Jul 2028 | |
| B&C; Elegant Designs | Services | 1,920 SF | $28.13 | Triple Net | Dec 2031 | |
| Brandmark Apparel | Services | 1,350 SF | $31.11 | Triple Net | Jun 2031 | |
| Impact Land Collision | Services | 5,000 SF | $16.80 | Triple Net | Dec 2031 | |
| NYS Licensed Cannabis Grower | Services | 2,450 SF | $53.88 | Triple Net | Dec 2031 | |
| Office Furniture Distributor | Services | 1,350 SF | $35.56 | Triple Net | Aug 2031 | |
| TJA Auto Body | Services | 1,350 SF | $18.67 | Triple Net | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
4 parking spaces per unit.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 1,550 SF | Industrial | Full Build-Out | Now |
1st Floor
| Size |
| 1,550 SF |
| Space Use |
| Industrial |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1st Floor
| Size | 1,550 SF |
| Space Use | Industrial |
| Build-Out | Full Build-Out |
| Available | Now |
4 parking spaces per unit.
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Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0100-094-00-02-00-012-001 | Improvements Assessment | $6,340 |
| Land Assessment | $3,660 | Total Assessment | $10,000 |
Property Taxes
Parcel Number
0100-094-00-02-00-012-001
Land Assessment
$3,660
Improvements Assessment
$6,340
Total Assessment
$10,000
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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