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David Winzelberg //May 31, 2024//
55 St. Mary’s Place Freeport / Courtesy of Paramount Properties Group
Freeport industrial property trades for $2.15M
55 St. Mary’s Place Freeport / Courtesy of Paramount Properties Group
David Winzelberg //May 31, 2024//
An industrial property in Freeport has sold for $2.15 million.
55 St. Mary’s Place LLC, an affiliate of a Lindenhurst-based commercial real estate investor, purchased the 13,200-square-foot building on .37 acres at 55 St. Mary’s Place.
The property was delivered vacant.
Chris Cardenas of Paramount Properties Group represented the buyer, while Louis Fisher of Douglas Elliman Commercial represented the seller, 55 St. Mary’s LLC, in the sales transaction.
Paramount Properties Group is currently marketing the property for lease.
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The 62,500-square-foot office building is on 5.5 acres.
The 13,200-square-foot building is on .37 acres.
The leases bring the occupancy of the office building to 94 percent.
The average size of the leases to be offered is 25,467 square feet.
The three-story, 4,500-square-foot building was delivered vacant.
The company leased 43,000 square feet of industrial space.
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