Seanair Machine Company

95 Verdi Street, E. Farmingdale, NY

Price:

$3,543,750

Current Rent:

$226,800

Lease Type:

Triple Net

Lease Term:

15 years

Landlord Responsibilities:

None

Renewal Options:

Four, 5 years options

Building Sq. Ft.:

16,200

Rent Increases:

2.00% annually

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Investment Highlights

Long-term, absolute triple net lease with annual rent increases
Facility located in dense, infill, industrial corridor of Farmingdale bound by Southern State Parkway and Broadhollow Road
Long Island’s industrial market benefits from low vacancy rates near 3.3% and has shown to be resilient in times of economic volatility
Family owned business with a long-term operating history of 64 years
Business demonstrates strong, consistent growth, robust EBITDA margins, and healthy balance sheet
Company is deemed “Essential to U.S. National Security” under Defense Priorities and Allocation System (DPAS) under authority of the Defense Production Act of 1950, therefore is insulated from market dislocations
National security-restricted capabilities and very high switching costs for customers create significant cost and technology barriers to entry
Company has deep visibility into customer pipeline with robust contractual backlog and firm orders out to 2025

Listing Agents

Jonathan Wolfe

Managing Principal
312 310 2798
[email protected]

Due Diligence

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