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IGA 5 S Jersey Ave 36,725 SF Industrial Building East Setauket, NY 11733 $8,000,000 ($217.84/SF) 6.94% Cap Rate
INVESTMENT HIGHLIGHTS
- Large Indoor Facility
- Ample Parking
- Lighted Parking Lot
- Very Well Maintained
- High Income Area of East Setauket
- 2 acres
EXECUTIVE SUMMARY
Introducing a prime investment opportunity: a 36,725 sq. ft. state-of-the-art indoor pickleball facility located at 5 S. Jersey Ave. in the desirable community of East Setauket. This turnkey property is secured by a brand-new 15-year Triple Net (NNN) lease with a high-performing tenant in the rapidly growing pickleball industry—offering investors long-term, passive income with minimal landlord responsibilities. Strategically situated with easy access to major roadways and surrounded by a strong demographic base, this facility capitalizes on one of the fastest-growing sports in America, making it a stable, future-forward asset for any commercial real estate portfolio.
PROPERTY FACTS
| Price | $8,000,000 | Rentable Building Area | 36,725 SF |
| Price Per SF | $217.84 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 1990 |
| Cap Rate | 6.94% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 1.63/1,000 SF |
| Property Subtype | Warehouse | Clear Ceiling Height | 36’ |
| Building Class | C | No. Drive In / Grade-Level Doors | 1 |
| Lot Size | 0.99 AC | ||
| Zoning | Industrial/Specialty Use | ||
| Price | $8,000,000 |
| Price Per SF | $217.84 |
| Sale Type | Investment NNN |
| Cap Rate | 6.94% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.99 AC |
| Rentable Building Area | 36,725 SF |
| No. Stories | 1 |
| Year Built | 1990 |
| Tenancy | Single |
| Parking Ratio | 1.63/1,000 SF |
| Clear Ceiling Height | 36’ |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | Industrial/Specialty Use |
AMENITIES
- Signage
UTILITIES
- Lighting
- Gas
- Water
- Sewer
- Heating
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Paddles Up
- Arts, Entertainment, and Recreation
-
99,999 SF
-
$9.99
-
Lorem Ipsum
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Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Paddles Up | Arts, Entertainment, and Recreation | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
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PROPERTY TAXES
| Parcel Number | 0200-110-00-03-00-015-002 | Improvements Assessment | $48,560 |
| Land Assessment | $7,275 | Total Assessment | $55,835 |
PROPERTY TAXES
Parcel Number
0200-110-00-03-00-015-002
Land Assessment
$7,275
Improvements Assessment
$48,560
Total Assessment
$55,835
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IGA | 5 S Jersey Ave
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