News:
Long Island
Posted: September 5, 2017
Fornabaio of Vanderbilt Realty brokers $3.375 million sale of 2,941 s/f Wendy’s restaurant property
Vanderbilt Realty
Hauppauge, NY Anthony Fornabaio, director of sales of Vanderbilt Realty, negotiated the $3.375 million sale of a triple net leased retail investment grade corporate backed Wendy’s. The 2,941 s/f free-standing, built-to-suit, one-story fast food restaurant building has been leased to Wendy’s for 18 years on 43,560 s/f area (on one-acre).
The property is located at 352 Motor Pwy. The sale was negotiated and brokered in cooperation with CB Richard Ellis.
Tags:
Long Island
MORE FROM Long Island
Suffolk County IDA supports expansion of A&Z Pharmaceuticals
Hauppauge, NY The Suffolk County Industrial Development Agency (IDA) has granted preliminary approval of a financial incentive package that will assist a manufacturer in expanding its business by manufacturing more prescription (Rx) pharmaceuticals in addition to its existing over-the-counter
.gif)
.jpg)
Columns and Thought Leadership
The evolving relationship of environmental consultants and the lending community - by Chuck Merritt
When Environmental Site Assessments (ESA) were first part of commercial real estate risk management, it was the lenders driving this requirement. When a borrower wanted a loan on a property, banks would utilize a list of “Approved Consultants” to order the report on both refinances and purchases.