Seanair Machine Company

95 Verdi Street, E. Farmingdale, NY
Current Rent:
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
Renewal Options:
Four, 5 years options
Building Sq. Ft.:
Rent Increases:
2.00% annually

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

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