 |
Building Information
| Property Name | 300 Merrick Road, Lynbrook, New York |
| Building Size | 34,000 sq.ft. |
| Date Purchased | November 1997 |
| Purchase Amount | $1,900,000 |
| Occupancy at Purchase | 0% |
| Repositioning | Lighthouse purchased this building from Fleet Bank and leased back 8,000 sq ft to them at closing. An additional $1,300,000 was invested in the premises including a new lobby, new HVAC system and tenant installation costs to bring the property to 100% occupancy. |
| Sale Date | April, 2001 |
| Sale Price | Available upon request |
| Occupancy in Year of Sale | 94% |
| NOI in Year of Sale | $466,440, 2000 budgeted |
|
