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- LoopNet Team
Vitamin Dr
Bayport, NY 11705
47.8 AC of Industrial Land in Bayport · Land For Sale
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47.80 AC
Investment Highlights
- Property is 4.8 miles from Long Island Expressway (I-495), Sunrise Highway (NY-27) | 1.6 Miles and Long Island McArthur Airport | 4.8 Miles
- Neighboring tenants includes Target, Amazon, FedEx, Costco, and Starbucks.
Property Facts
Description
The property offers an excellent opportunity to enter the dynamic Suffolk County industrial market. The region has seen substantial industrial growth over the last five years, actively responding to demand. Even with this expansion, the market remains robust, with more than 600K SF of leasing activity every quarter for the last 13 quarters. This consistent demand is reflected in strong rent growth, as average asking rents have increased an impressive 46.3% since 2019. The property is ideally situated within Long Island’s dense population and thriving business ecosystem. Suffolk County, in particular, boasts one of the largest and most diverse workforces in the greater Long Island and New York metropolitan area, providing a crucial labor pool for industrial operations Vitamin Drive has entered into an agreement and as of right with the Town of Islip, Suffolk County and Health Department to connect the property to the Suffolk County Sewer District. For context, most of Suffolk County is not connected to sewers, which gives the subject property a competitive edge for the Food/Bev Industry, Pharmaceuticals and other related businesses with sewer requirements.
