American Investment Props. completes $2.8 million sale

American Investment Properties, completed the sale of a shopping center located at 119 North Wellwood Ave. The 8,100 s/f property was sold for $2.8 million or $246.91 per s/f. The property was bought by a private real estate investor. The six-tenant property consists of tenants including, Quiznos, Suffolk Legislator, a doctor's office, hair salon, diet center, and an accounting office. The shopping center recently went through a gut renovation and is located between Sunrise Hwy. and West Montauk Hwy., with front exposure on North Wellwood Ave. The transaction was assisted by Silber Investment Properties.