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Office

Courthouse Corporate Center

320 Carleton Ave, Central Islip, NY 11722

Listing Price: $26,000,000

Cap Rate
6.28%
Gross SF
168,000
Rentable SF
161,711
Price/Gross SF
$154.76
Lot Size
11.05 acres
Year Built
2003

Investment Overview

Marcus & Millichap is pleased to present an opinion of value to ownership for the Courthouse Corporate Center is a 168,000 square foot office building situated on 11.7 acres. The property is zoned PDD-Office. The current occupancy level is at 95% and consists of a mix of local professionals and corporations. The Courthouse Corporate Center brings to the Town of Islip and Suffolk County an attractive office location for professionals who will have the advantages of the proximity to the Federal and County Courthouses, access to major roadways (Southern State Parkway, Long Island Expressway, and Route 27), alternative transportation - Long Island Railroad and Mac Arthur Airport, adjacent to outstanding educational facilities –Touro Law School, and featuring all amenities of a “State – of - the – art “ Office Facility. Through the Town of Islip Industrial development agency, Courthouse Corporate Center, LLC has benefited from a payment in lieu of tax (PILOT) agreement, is ideally situated and is a critical part of the revitalization of Central Islip and creates a Corporate Plaza that enhances the adjacent Courthouse Complexes.

Investment Highlights

  • Prime Office Location Near Federal and County Courts; as well as Major Roadways like I-495, Southern State Parkway, and Route 27
  • Mix of Local Professional and Corporate Tenants
  • Building has Key-card Access and Camera Surveillance

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

    License(s): NY: 10301217094, NY: 10491208938

    Manhattan

Financing By

Office

Courthouse Corporate Center

Listing Price: $26,000,000

Cap Rate
6.28%
Gross SF
168,000
Rentable SF
161,711
Price/Gross SF
$154.76
Lot Size
11.05 acres
Year Built
2003

Investment Highlights

  • Prime Office Location Near Federal and County Courts; as well as Major Roadways like I-495, Southern State Parkway, and Route 27
  • Mix of Local Professional and Corporate Tenants
  • Building has Key-card Access and Camera Surveillance

Investment Overview

Marcus & Millichap is pleased to present an opinion of value to ownership for the Courthouse Corporate Center is a 168,000 square foot office building situated on 11.7 acres. The property is zoned PDD-Office. The current occupancy level is at 95% and consists of a mix of local professionals and corporations. The Courthouse Corporate Center brings to the Town of Islip and Suffolk County an attractive office location for professionals who will have the advantages of the proximity to the Federal and County Courthouses, access to major roadways (Southern State Parkway, Long Island Expressway, and Route 27), alternative transportation - Long Island Railroad and Mac Arthur Airport, adjacent to outstanding educational facilities –Touro Law School, and featuring all amenities of a “State – of - the – art “ Office Facility. Through the Town of Islip Industrial development agency, Courthouse Corporate Center, LLC has benefited from a payment in lieu of tax (PILOT) agreement, is ideally situated and is a critical part of the revitalization of Central Islip and creates a Corporate Plaza that enhances the adjacent Courthouse Complexes.

Exclusively Listed By

  • Michael Tuccillo

    Licensed Associate Real Estate Broker

    (212) 430-5196

    Email Michael

    License(s): NY: 10301217094, NY: 10491208938

    Manhattan

Financing By

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