NAI Friedland completes $4.2 million sale of 84,000 s/f industrial building

NAI Friedland Inc. recently completed the $4.2 million sale of an 84,000 s/f industrial building which will soon become a mini storage facility with a 13,000 s/f parking lot at 320 Washington St.   Both sides in the transaction were represented by Friedland brokers, Tony Lembeck for the purchaser, United Stor-All Centers, and Peter Cokin as the exclusive broker for the seller, Premier Storage Solutions of Mount Vernon. Cokin also sold the property to Premier two years ago. "My client was looking to open a facility in Southern Westchester but in an area without a lot of competition and at a favorable price point to allow for conversion," said Lembeck. "The seller, a mini storage company that wanted to concentrate outside the New York area, offered the perfect solution since much of the architectural work and city permit application process had commenced."   Lembeck and Cokin negotiated a deal where the seller agreed to complete the building plans and paperwork for approvals to the benefit of the purchaser. The purchaser also agreed to wait over a year until the seller was able to vacate the building by a long term industrial tenant. An additional 13,000 s/f lot that was not needed for storage was sold to a construction company tenant in a separate transaction.