Holbrook, NY SVN | Realty Three Advisors LLC, a commercial real estate brokerage franchise has leased three spaces totaling 8,640 s/f at 1337 Lincoln Ave. The industrial building is part of a six building multi-tenant portfolio with units ranging from 1,630 – 4,050 s/f. Located in the Holbrook/Bohemia/Ronkonkoma business zone, the area is home to hundreds of small and medium sized businesses with a smattering of large national companies.
The units were leased individually to local small businesses on a long term basis. The landlord, 1337 Lincoln Ave LLC, is proud to be the new home of Morrison Electrical Consultants, The Cloud Chemist, and L.B. Construction; an electrician, a consumer goods manufacturer, and a contractor respectively. The lease rates and terms are undisclosed.
Two of the deals were sourced directly by Lorraine O’Hara and Aric Schachner of SVN | Realty Three Advisors representing both sides of the deal.
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.