1500 Ocean Ave. Bohemia / Google Maps image

March 10, 2022

An industrial/flex property in Bohemia has sold for $2.525 million. 

MGS LLC, an entity registered to a Westbury-based commercial real estate investor, purchased the 16,000-square-foot building on 1.5 acres at 1500 Ocean Ave. 

The multi-tenant building is fully occupied. The sale price equates to a 7 percent cap rate. 

Luciano Oliverio of Paramount Properties Group represented the buyer, while Matthew Shane of All Island Realty represented seller 1500 Ocean Avenue LLC in the sales transaction. 

industrial real estate

Source link