377 Carlls Path Update 01/19/23

Long Island Warehouse Complex Scooped Up for $35M

A multi-building, Class-B warehouse and distribution complex, located at 377 Carll's Path in Deer Park, NY (Long Island), has just been sold for $35 million. Thor Equities was able to snatch the facility up through a bankruptcy auction, with the New York Eastern District Bankruptcy Court acting as the seller. Cushman & Wakefield brokered the deal.

Originally constructed in 1956 and later renovated in 1995, the complex sits on 23.26 acres of land, with 6.5 acres of undeveloped space.

The property is currently occupied by 4 separate structures. Building A is a 51,300-square-foot warehouse, featuring 22' clearance heights, 20' X 40" column spacing, 6 loading docks, and 1 drive-in door.

Building B is a 90,000-square-foot warehouse, featuring 24' clearance heights, 20' X 50" column spacing, 6 loading docks, and 2 drive-in doors.

Attached to Building B is Building C, which consists of auxiliary office space, and a 38,200-square-foot cross-docking facility. It has 14' clearance heights and 75 loading docks.

Finally, Building D is a 10,000-square-foot, fleet maintenance garage, with 16' ceiling heights, and 9 drive-in doors.

Combined, the structures total 189,500 square feet. It's not yet clear what Thor plans to do with the property, but with over a million square feet to play with, and plenty of untouched land, the firm could essentially reconfigure the property any way they like if they choose to go the redevelopment route.

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