|
 Yonkers, NY - NAI Friedland Inc. recently completed the $4.2 million sale of an 84,000 S.F industrial building which will soon become a mini storage facility with a 13,000 S.F. parking lot at 320 Washington Street in Mount Vernon.
Both sides in the transaction were represented by Friedland brokers, Tony Lembeck for the purchaser, United Stor-All Centers, and Peter Cokin as the exclusive broker for the seller, Premier Storage Solutions of Mount Vernon. Cokin also sold the property to Premier two years ago.
“My client was looking to open a facility in Southern Westchester but in an area without a lot of competition and at a favorable price point to allow for conversion,” says Lembeck. “The seller, a mini storage company that wanted to concentrate outside the New York area, offered the perfect solution since much of the architectural work and city permit application process had commenced.” Lembeck and Cokin negotiated a deal where the seller agreed to complete the building plans and paperwork for approvals to the benefit of the purchaser. The purchaser also agreed to wait over a year until the seller was able to vacate the building by a long term industrial tenant.
An additional 13,000 S.F. lot that was not needed for storage was sold to a construction company tenant in a separate transaction.
NAI Friedland Realty Inc. is located at 656 Central Park Avenue in Yonkers and can be reached at 914-968-8500, www.friedlandrealty.com.
About NAI Friedland Realty Inc.
NAI Friedland Realty Inc., founded in 1970, is a full service commercial real estate firm in metropolitan New York, including Westchester, the five boroughs, Long Island, Connecticut, and New Jersey. Headquartered in Yonkers, New York, Friedland also maintains a satellite office in Manhattan. Friedland is a member of NAI, the only managed network of commercial real estate firms in the world.
 |
