Ronkonkoma, NY Michael Zere, executive VP of Zere Real Estate Services was the exclusive broker for the seller, 1031 Properties 117 LLC, for the $650,000 sale of a 5,000 s/f industrial condo unit on 0.11 of an acre. Built in 1981, the property is located at 700-9 Union Pwy., off of the Veterans Hwy. McArthur Airport Business Corridor.
Joseph Sorbora and Tracie Bryan of CBCLI represented the buyer, NJD Property Management LLC.
“The property was in mint condition with a 50% office and a 50% warehouse mix, fully sprinklered, gas heat, fully wired, a loading dock, great signage, parking, visibility and reasonable taxes. The right buyer came along and recognized all the assets this property provides for a business owner,” said Zere
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.