Realterm acquires 6,800 s/f industrial outdoor storage facility

Babylon, NY Realterm, an independent global investment manager focused on the transportation industry, announced today the acquisition of 1013 Long Island Ave., a fully-leased industrial outdoor storage facility located in Deer Park.

On 3.2 acres, the 6,800 s/f facility features functional drive-in capability with two drive-in bays, offering operational flexibility for service providers. The site is fully fenced and lit, with two points of ingress and egress, ensuring traffic flow.

Located in proximity to I-495, Rte. 25 and Rte. 27, 1013 Long Island Ave.’s central location provides access across Long Island. 

“The Long Island logistics market continues to outperform, driven by a dense population base, high income demographics, and exceptionally high barriers to entry,” said Nick Dupuis, vice president of investments at Realterm. “1013 Long Island Ave. benefits from a central location within the market, excellent access to the Long Island Expressway, permissive heavy industrial zoning, and functional improvements that support a wide range of industrial uses.”

Additionally, the site provides access to downtown Manhattan and New York City region’s major airports in under an hour. 

“Long Island represents exactly the type of supply-constrained market we target,” said Stephen Panos, managing director and senior fund manager at Realterm. “With limited developable land, sustained rent growth and consistently low vacancies, this acquisition aligns perfectly with our strategy of acquiring the most functional industrial outdoor storage facilities in logistics markets where supply-demand fundamentals drive long-term value.”