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

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

Chelsea Mandel

Vice President
516 850 6962
Chelsea@stream-cp.com
Jonathan Wolfe STREAM Capital Partners

Jonathan Wolfe

Managing Principal
312 310 2798
Jonathan@stream-cp.com
X

Due Diligence

https://www.stream-cp.com/wp-content/themes/StreamTheme2020View/Download Due Diligence in Dropbox

Please enter the password to access due diligence.

Request Due Diligence Access

Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to Chelsea@stream-cp.com.

Once we receive your NDA, we will contact you with login information.

View/Download NDA in Word format

    I approve of the NDA

    If you have made changes to the Word version of the NDA, please attach it here

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.






    View All Listings