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$23m Manorville sale.


NY Venture Capital Properties brokered the sale of Manorville Town Center at 46 County Road, Manorville New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
.

Located in Suffolk County Suffolk County may refer to:
  • One of the following counties in the United States:
  • Suffolk County, New York - central and eastern Long Island - the largest Suffolk County by population and geographic size
, this property was a solid investment with full occupancy and many credit tenants that include McDonalds, Suffolk County National Bank, H&R Block Carvel carvel: see caravel.  and anchored by King Kullen King Kullen Grocery Co. is a supermarket chain with 46 locations on Long Island and the New York City borough of Staten Island.

King Kullen is recognized by the Smithsonian Institution as America's first supermarket, as the first location was opened by Michael J.
.

The 80,000 s/f property is located on 15 acres of land just off of exit 70 of Long Island Expressway within close proximity to many attractions and amusement parks in the area. The property was built three years ago and is in new condition with net leased tenants. This uncommon sale of such prominent shoppingcenter was sold at $22,500,000, or $281ps/f at the cap rate of 5.7%.

Ebi Khalili, Josh & Joseph Rahmani principals of Venture Capital Properties, were the sole brokers.
COPYRIGHT 2006 Hagedorn Publication
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Real Estate Weekly
Date:Dec 27, 2006
Words:138
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