December 2011 Vol. 3 Issue 4
|
|
 |
|
Property Sparkle on a Budget
By David G. HuntI have a building for lease. I want to make the property attractive for tenant but have a limited budget. Where do I start?
When marketing commercial real estate, there are three major concerns that you should address with respect to property maintenance. These are the overall appearance of the property ("curb-appeal"), perception of past maintenance, and of course, any safety issues. All three of these items will impact a prospective tenant. That impact can be either positive or negative.
I was recently contacted by a property owner who was having difficulty leasing his building. I agreed to inspect the property with him and make suggestions. Before we even got into the building we had to walk on what was left of a lawn to avoid a bush that had completely overgrown the front walk. Next, there was a dead bird in front the building entrance door. Believe it or not, the inside was worse. A dank smell, peeling paint, debris, inoperative light fixtures, and a lavatory in shambles. What a picture! No wonder prospective tenants ran screaming from the building..... (MORE)
|
 |
|

Your Construction and Maintenance Department
A Single Point of Contact for All Your Commerical Construction & Maintenance Needs.
(Click on Hunt logo for more information about
Hunt Construction Services, Inc. or visit www.huntcsi.com) |
|
Companies on the Move
| |
InGenious Targeting Laboratory is moving to 2200 Smithtown Avenue, Ronkonkoma... JW Creations is moving to 20 South Mall, Plainview... Weiser Mazars is moving to 60 Crossways Park West, Woodbury... Zimmer New England is moving to 2 Aerial Way, Syosset... Flipside Prodigy is moving to 360 Motor Parkway, Hauppauge... Beyer Graphics is moving to 50 Austin Boulevard... Gem Pawnbrokers is moving to 708 Walt Whitmand Road, Melville... Creative Playthings is moving to 740 Old Willets Path, Hauppauge... Leidel Industries is moving to 95 Orville Drive, Bohemia... |
Financing File
| Current Market Rates and Programs for the Long Island Commercial Marketplace
The SBA 504 loan program offers long term (10 or 20 years) fixed rate subordinate mortgage financing for the purchase and renovations of existing buildings or new buildings and equipment. Loans are up to 40% of the project cost..... (MORE) |

Our Corporate Headquarters 17 Dupont Street, Suite 4 Plainview, NY 11803 516-937-1000 www.huntcorp.com
|
|
|
|
|
COMPARABLE SALES IN THE LAST 12 MONTHS
| City | Address | Property Type | Size SF | Office SF | Acres Total | Sold Price/SF | Sold Date |
|---|
|
Commack |
50 Austin Boulevard | Industrial | 18,275 | 7,310 | 1 | $93.02 | 11/21/2011 | | Ronkonkoma |
2120 Smithtown Avenue | Industrial | 71,224 | 6,732 | 3.52 | $71.61 | 11/18/2011 | | Ronkonkoma |
2200 Smithtown Avenue | Industrial | 21,136 | | 2.25 | $83.74 | 11/14/2011 | | West Babylon |
5053 Mahan Street | Industrial | 7,000 | 700 | .5 | $88.57 | 11/9/2011 | | Farmingdale |
121 Executive Boulevard | Industrial | 16,500 | 3,500 | .91 | $121.21 | 11/8/2011 | | Medford |
21 Commercial Boulevard | Industrial | 13,496 | 4,272 | 1.05 | $82.99 | 10/31/2011 | | | | | | | | | MORE |
|
©Copyright 2010, All Rights Reserved. The content of this web site may not be reproduced without the written permission of HUNT Corporate Services, Inc. All information is from sources deemed reliable and is subject to prior rental or sale, errors, omissions, change of price and withdrawal without notice.
|
|
|