April 2012 Vol. 3 Issue 8
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Fortune 500 Wisdom
By David G. Hunt
We have a small manufacturing business and need to expand our facilities. We are debating whether to buy or lease or new facility. My broker tells us that most large corporate firms are leasing and not buying these days. Are there lessons to be learned from Fortune 500 companies, and does this mean that we should not purchase a building?
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of them. Fortune 500 Corporate America has indeed been divesting itself of real estate holdings, and, as a general rule, prefers to lease.
How does this apply to your situation? ... (MORE)
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Your Construction and Maintenance Department
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Free Long Island Industrial Report
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Companies on the Move |
Starpoint Solutions is moving to 185 Express Street, Plainview... Desocio and Fuccio, PC is moving to 6 Townsend Square, Oyster Bay... Ran One Americas is moving to 180 Main Street, Smithtown... Kal Thermal is moving to 40 Fleetwood Court, Ronkonkoma... Premier Executive Business Solutions is moving to 900 Merchants Concourse, Westbury... Stucco Depot is moving to 6 Terminal Road, West Hempstead... Dish Network is moving to 425 Oser Avenue, Hauppauge... AHMSI is moving to 1393 Veterans Memorial Highway, Hauppauge...
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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
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COMPARABLE SALES IN THE LAST 12 MONTHS
City | Address | Property Type | Size SF | Office SF | Acres Total | Sold Price/SF | Sold Date |
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Freeport
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205 Buffalo Ave
| Industrial | 38,000 |
| 2.19 | $43.42 | 3/20/2012 | Hauppauge |
80 Arkay Drive
| Industrial | 120,000 |
| 3 | $150.00 | 3/14/2012 | Farmingdale |
68 Allen Boulevard
| Industrial | 19,000 |
| 1.50 | $56.58 | 3/1/2012 | Bohemia |
214-220 Knickerbocker Ave
| Industrial | 29,530 |
| 2 | $55.03 | 2/23/2012 | Copiague |
130 Lincoln Street
| Industrial | 33,000 | 6,000 | 1.88 | $57.58 | 2/20/2012 | Garden City |
712 Stewart Avenue
| Industrial/Office | 26,600 |
| .83 | $159.77 | 2/10/2012 | | | | | | | | |
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