Spring Cleaning - Hunt Corporate Services

We Facilitate Your Businesssm.
Market Monitor - Long Island Region
May - June 2015
Spring Cleaning
Vol. 24 Issue 3
In this Issue
Question and Answer by David G. Hunt
Q: It seems like winter was brutal to the building that we own. There are
several roof leaks, and our pavement is cracking. And that’s just what we can
see. Do you have any suggestions or checklists for winter recovery?
A: You are wise to be thinking in this direction. A lot of damage from winter,
whether a roof, HVAC equipment, paving or landscaping will only get worse
without attention, and will therefore be much more expensive to eventually
repair. So let’s work our way through the major areas of commercial building
maintenance. While our most important objective is to prevent further damage
to deteriorating systems, now is also the time to consider relatively inexpensive
cosmetic improvements that can enhance the image of your business.
Feature Article
 Spring Cleaning
In the News
 David Hunt Named a Top 2014 Power Broker
 Autel US Leases Space in Farmingdale, NY
 LTS NY Inc. Leases Industrial Space in
Port Washingon, NY
 Life’s WORC Renews Lease in
Deer Park, NY
 Hunt Named Exclusive Agent for the
Sale of 109 Allen Boulevard and 145 Florida
Street, Farmingdale, NY
Construction
 Recycling Older Buildings - Part 1
Our Featured Properties
Comparable Sales
Property Highlights
 109 Allen Boulevard, Farmingdale, NY
 100 Terminal Drive, Plainview, NY
Companies on the Move
Marathon Agents is moving to
147 East Second Street, Mineola...
Stifel, Nicholaus & Company
Start by having a roofer inspect your roof, particularly if you have a flat roof.
Most roofers will make this inspection free of charge. Vertical leaders and roof
drains should be free of debris. There should be no ponding on the roof standing water is deadly to a roof. Blisters and alligatoring of the surface all
must be addressed. Flashing should be properly sealed and attached. Any debris
on the roof should be completely removed. Is it time to apply a fresh aluminum
coating to reduce your energy costs?
is moving to 1225 Franklin Avenue,
Garden City... Shiah Yih Industries
is moving to 151 Fulton Avenue, New
Hyde Park... GMB Penn Street
Bakery is moving to 200 13th Avenue,
Ronkonkoma... GMG Transwest is
moving to 65 Orville Drive, Bohemia...
Spirit Pharmaceuticals is moving
to 1919 Middle Country Road,
Centereach... Midtown Comics
Online is moving to 1403 Fourth
Avenue, New Hyde Park...
Paving does not last forever, but you can extend its life 50% by proper
maintenance. We highly recommend power sweeping if sand was used during
the winter. Sand is very abrasive to pavement (think “sandpaper”.) All cracking
should be sealed, and potholes repaired. Seal-coating may be warranted.
Because of environmental issues, all line-striping paint today is water-based,
which means it does not last as long as it used to. If your line-striping is faded
and hard to see, consider seal-coating with new line striping to follow. Curbs
should be inspected for cracking or chipping due to snow plows. Take a look at
Worldwide Network
continued on page 6
Tel: (516) 937-1000 • Fax: (516) 931-1850 • [email protected] • Huntcorp.com • Huntcsi.com
© Copyright 2015, all right reserved, “Market Monitor” or portions thereof, may not be reproduced without written permission of Hunt Corporate Services, Inc.
In the News
David G. Hunt Named a Top 2014 CoStar
Power Broker
Autel US Leases Space in Farmingdale, NY
David G. Hunt, President of Hunt Corprate Services, Inc. has been
named a 2014 CoStar Power Broker, by CoStar Group, Inc. This annual
industry award recognizes distinguished professionals in commercial
real estate brokerage by highlighting the achievements of the U.S.
firms and individual brokers who closed the highest transaction
volumes in commercial property sales or leases in 2014 within their
respective markets.
Autel US (Huntington) has leased 12,500 square feet of flex space at 175
Central Avenue in Farmingdale, NY. David G. Hunt of Hunt represented
the landlord, Anton Cerrone Associates in the lease negotiations. The
tenant was represented by Alan Yaffe of United Realty.
Mr. Hunt qualified as one of the top industrial leasing brokers in the
Long Island market based on the total leasing transactions he closed
during the year. In order to be selected for this honor, Mr. Hunt’s overall
transaction volumes were evaluated against other commercial real
estate brokers active in the region by CoStar Group, and subsequently
ranked among the top brokers in the
market.
“The 12,500 square foot suite met Autel’s requirement for a larger space
with a substantial amount of office space. Our high parking ratio allowed for
just that,” said David Hunt. “The space
will be completely configured to their
specifications and they plan to move into
their new USA headquarters within a few
months.” The suite is part of a 50,000
square foot flex building in Farmingdale
that is now fully occupied.
Hunt Appointed Exclusive Marketing Agent for
Industrial Building in Farmingdale, NY
LTS NY Inc. Leases Industrial Space in
Port Washington, NY
Hunt Corporate Services, Inc. has been hired as the exclusive agent for
the sale of a 10,000 square foot industrial building located at 109 Allen
Boulevard in Farmingdale, NY.
LTS NY Inc. (Maspeth, NY) has leased 8,900 square feet of industrial space
at 99 Seaview Boulevard in Port Washington, NY. Chuck Syage of Hunt
exclusively represented the landlord, C&P Real Estate. The tenant was
represented by Richard Pisacone of Colliers International LI, Inc.
Autel US is the Autel distribution hub for the North American market. Autel
US handles the development, manufacture and marketing of diagnostic
tools, equipment and accessories in the automotive aftermarket.
The free-standing building is located in the heart of Farmingdale’s
Industrial district, two blocks east of Route 110. The building consists of
90% warehouse space, and has three overhead drive-in doors. Presently,
a sixty-year-old woodworking business operates out of the building.
LTS NY Inc. provides video surveillance systems, service and support
to security professionals. “This flex space was the right location, size and
configuration for LTS’s recent and future space requirements,” said Chuck
Syage of Hunt. “The landlord modified the office space to meet their
requirements.”
“A 10,000 square foot industrial building for sale is a rare find in today’s
marketplace,” said Andy Dorman of Hunt. “A woodworking business and a
full complement of trade machinery are included
with the sale of the building. The ideal purchaser
is someone interested in millwork, carpentry,
cabinet-making, architectural woodwork,
furniture, crown molding, wooden door or deck
assembly.”
The three-story, 160,000 square foot office/
industrial building currently has available, a
17,500 square foot office suite, divisible to
3,000 square feet.
Hunt
Life’s WORC
NamedRenews
Exclusive
Lease
Leasing
in Deer
Agent
Park,for
NY
Office Space in Plainview, NY
Hunt Named Exclusive Agent for the Sale
of 145 Florida Street, Farmingdale, NY
Life’s WORC (Garden City, NY) has renewed their lease at 60 East
Industry Court in Deer Park, NY. John Hoblin of Hunt represented the
tenant in the lease negotiations.
Hunt Corporate Services, Inc. has been named the exclusive agent
for the sale of a 3,600 square foot industrial building located at 145
Florida Street in Farmingdale, NY by Faun Machine Works, Ltd.
The free-standing warehouse is located in the heart of Farmingdale’s
industrial district. The building consists of two evenly divided 1,800
square foot spaces each with one overhead door, separate electric,
and over 10% of office space.
Life’s WORC is a privately held organization that supports individuals with
developmental disabilities including those on the autism spectrum. The
agency was founded in 1971 by Vicki Schneps, the mother of a former
Willowbrook State institution resident. The organization is dedicated
to ensuring that those with developmental disabilities and Autism are
afforded opportunities to live life to the fullest.
“This property is a well-maintained, free-standing warehouse with
attractive curb appeal,” said Tom Hanik of Hunt. “The current
owner is meticulous with maintenance
and repair, and this is a wonderful
opportunity to purchase a small
industrial building, which is often hard
to find.”
Hunt Corporate Services has exclusively
represented Life’s WORC for their
commercial real estate needs for many
years. “Headquartered in Garden City, the
space in Deer Park is used as a satellite
office for WORC, serving Suffolk County,”
said John Hoblin of Hunt.
2
Recycling Older Buildings - Part 1
Many commercial buildings on Long Island were built
fifty or sixty years ago. Buildings this old often have
facades that are deteriorating and dated, parking that is
insufficient, and a design or use that is now functionally
obsolescent. They are often a challenge to convert into
attractive and functional homes for business today.
were made to the owner on the most economical path to
getting the building ready to market. All interior walls and
partitions were removed. The building was cleared from
floor to ceiling and from exterior wall to exterior wall.
Temporary lighting was installed and the concrete slab
Hunt Construction Services, Inc. was hired by a
developer to rehabilitate a vacant 15,000 square foot
industrial building in Plainview. The façade was 60
years old, and the brick face was peeling. The parking
was insufficient by today’s standards, and the interior
of the building was sectioned off with several tenants,
all of whom had dilapidated office space. The exterior
property was overgrown with weeds and unwanted
vegetation. Miscellaneous debris was left on the
site. Concrete was damaged and there was a sink hole
in the parking lot. The tenants had vacated leaving
debris, shelving, scrap wood and abandoned furniture
and equipment. The building had leaky windows, a
dysfunctional alarm system, and large puddles on
the roof with improper drainage. Quite a turn-around
challenge, to say the least!
was swept clean. Knowing that a tenant would have their
own requirements for office layout, we recommended
construction of the interior offices at a later date based
on the needs of a prospective future tenant.
The owner’s objective was to completely renovate the
building with a new facade and interior space, and then
lease to a new tenant. However, new architectural plans
and renovation permits would take six months to complete.
Our game plan was to clean and renovate as much as
possible during this planning stage so that marketing
could begin. After thorough inspection, recommendations
Outside, brush-cutters were used to remove overgrown
vegetation. Chain saws and loppers were used to trim
perimeter trees. The site was cleaned of discarded
machinery, piles of discarded wood and other
assorted debris giving the property a clean more
defined appearance.
Upon closer inspection of the building’s brick
exterior, it was determined there were areas of
failed concrete masonry joints which needed to
be addressed. Scaffolding was erected to aid in
re-pointing several hundred feet of the building’s
exterior wall. A new alarm system was installed.
The roof drainage system was repaired with the
installation of new drain pipes inside and outside the
building. All windows were removed and replaced
with more economical energy efficient glass block
giving a fresh look to the sides of the building. An
area of the parking lot was excavated and after
repairing a broken waste pipe, the sinkhole was
backfilled and paved over.
The building was now clean enough to market
while permits were obtained for full architectural
renovation.
Next issue - Part 2 - Replacing the Facade
3
INDUSTRIAL or RETAIL
Featured Properties - May / June 2015
516-937-1000 - www.huntcorp.com
150 Marine Street, Farmingdale
FOR SALE
100 Christopher Street, Ronkonkoma
FOR SALE
625 Locust Street, Garden City
FOR LEASE
5,892 square foot industrial building available for
sale. Located off Route 110. Approximately 2/3
office and 1/3 warehouse. Fully air-conditioned.
One overhead garage door. 30 - 40 car parking.
20,000 square foot, free-standing industrial
building for sale. Located a short distance from
Veterans Memorial Highway and five minutes
from the LI Expressway. 18’ ceiling height, gas
heat, sprinklers, one drive-in door, two loading
docks and ample parking.
13,045 square feet of industrial “flex” space
available. Space features 5,991 square feet
of office space, 14’ ceiling height, one loading
dock, one drive-in door, gas heat and sprinklers.
Extensive parking.
125 Newtown Road, Plainview
FOR LEASE
127 Allen Boulevard, Farmingdale
FOR SALE
8,605 square feet available. Space features
3,446 square feet of office space, 16’ ceiling
height, separate entrances and utilities, and
one drive-in door. Extensive parking allows for
heavy office and R&D use. One block off the LI
Expressway, Exit 46.
18,000 square foot industrial building for sale.
Space features 10% office, three 6,000 square foot
bays can be combined or occupied individually,
one loading dock and one drive-in door. Rear
fenced-in yard. Located two blocks from Route
110 in the heart of Farmingdale’s industrial area.
145 Florida Street, Farmingdale
FOR SALE
3,600 square foot free-standing building in the
heart of Farmingdale’s industrial district. Prime,
free-standing warehouse can accommodate
owner/user plus additional tenant in spaces of
equal size. Two 1,800 square foot bays can be
combined or occupied individually.
137 Commercial Street, Plainview
FOR LEASE
265 Executive Drive, Plainview
FOR LEASE
55 West Ames Court, Plainview
FOR LEASE
8,627 square feet available. Office finished to
suit. Separate entrance and utilities. 17’ ceiling
height, one loading dock, sprinklers, sewers and
gas heating. Abundant parking.
10,944 square feet of industrial flex space
available. Space features heavy finish, 14’ ceiling
height, one loading dock, gas heat, sprinklers.
Suitable for office/lab/R&D. Extensive parking.
Immediately off the LI Expressway Service Road.
20,985 square feet of office, lab and warehouse
space available. Separate entrance and utilities.
One loading dock and one drive-in door, fully
sprinklered, sewers and gas heating.
146 Albany Avenue, Lindenhurst
FOR SALE
242 Route 110, Farmingdale
FOR LEASE
109 Allen Boulevard, Farmingdale
FOR SALE
12,500 square foot industrial building on a
half-acre lot in Lindenhurst. The building
features ceiling-hung gas heaters, halogen
lighting, grease traps and floor drains. Food
related trade fixtures are also available.
Low taxes! Parking for 10 cars, plus street
parking.
18,500 square foot retail/industrial building
available. Floor-to-ceiling picture windows.
Renovated 5,000 square foot showroom and
offices. Great visibility on Route 110. High traffic
count. Four loading docks.
10,000 square foot free-standing industrial
building available in the heart of Farmingdale’s
industrial district, two blocks east of Route
110. Building is on a one-acre lot with plenty
of parking. Three overhead drive-in doors.
Successful sixty-year woodworking business
and all trade-fixtures are included.
Of course, all information is from sources deemed reliable and is subject to prior rental or sale, errors, omissions, change of price, and withdrawal without notice.
Hunt Corporate Services, Inc. - 17 Dupont Street, Plainview, NY 11803
OFFICE or RETAIL
Featured Properties - May / June 2015
516-937-1000 - www.huntcorp.com
50 Karl Avenue, Smithtown
FOR LEASE
1121 Walt Whitman Road, Melville
FOR SALE or LEASE
99 Seaview Boulevard, Port Washington
Suites ranging from 1,309 to 5,273 on the third
floor. Owner will build to suit. Generous parking.
24/7 access to the building. Zoned for medical
or any professional use. On-site management.
1,783, 3,157 and 3,700 square feet available for
lease on the fourth floor in 39,250 square foot free
standing, four-story, office building in Melville,
minutes from Northern State Parkway and the
LI Expressway.
17,500 square feet available on the third floor,
divisible to 3,000 square feet. Finished to suit.
On-site cafe projected. PRICED UNDER $20
PER SQUARE FOOT. Located 2.8 miles to
Northern State Parkway and LI Expressway.
54 Sunnyside Boulevard, Plainview
FOR LEASE
131 East Ames Court, Plainview
FOR LEASE
245 Newtown Road, Plainview
FOR LEASE
One office suite of 1,319 square feet available
on the first floor with strong visibility and signage.
Located immediately off LI Expressway, Exit 46.
Great parking.
3,786 square feet available. Office suite will
be designed and finished to suit. Suite has
private entrance. Excellent location near the LI
Expressway and Northern State Parkway. Good
for medical/flex/pharmaceutical use.
3,410 and 5,538 square foot office suites
available. Air-conditioned, gas heating, sprinklers,
separate entrance and utilities. Can be combined
or leased separately. Very low loss factor.
Frontage on the LI Expressway Service Road!
1565 Franklin Avenue, Garden City
FOR LEASE
147 East Second Street, Mineola
FOR LEASE
1,000, 2,000 & 4,000 square foot office suites
available. Individual suites finished to suit.
Located near Old Country Road, two blocks
from the LIRR Mineola Station. Great parking!
Entire building of 12,000 square feet can be
made available.
2,500 square feet of office space available on the
first floor. Reserved parking. Short distance to
LIRR and Jericho Turnpike, Old Country Road
and Glen Cove Road.
777 Old Country Road, Plainview
FOR LEASE
2,500 square feet of office space on the second
floor. Space features four offices and two
bullpen areas, private bathroom with shower and
kitchenette. Can be divided.
187 Central Avenue, Bethpage
Office building to be built
100 Terminal Drive, Plainview
FOR LEASE
Prime Corporate Headquarters office building
to be built by major developer. Fronts Seaford
Oyster Bay Expressway, minutes from Northern
State Parkway and LI Expressway.
7,000 square feet of office space available.
Divisible to 1,225 square feet. Fully sprinklered,
sewers and gas heat. High parking ratio. Great
window line!
2635 N. Jerusalem Road, East Meadow
FOR SALE
User / Investor
FOR LEASE
6,000 square foot, five-unit industrial building with
retail frontage. Three 1,200 square foot units and
two 1,500 square foot units. Occupy all or part.
Of course, all information is from sources deemed reliable and is subject to prior rental or sale, errors, omissions, change of price, and withdrawal without notice.
Hunt Corporate Services, Inc. - 17 Dupont Street, Plainview, NY 11803
Comparable Sales
Recent Sales
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Spring Cleaning (Continued)
your drainage wells and make sure that they are draining
correctly.
You should have a maintenance contract for your HVAC
equipment. All HVAC equipment requires regular
maintenance. Now is the time for a service call to replace
filters, check belts and take care of any other problems.
Landscaping is next. Underground sprinkler lines
should be tested and readied for the season. Take note of
dead stock and order replacements. Mulch in the beds is
cheap, great for your plants, and looks great. Take a look
around for dead or hanging limbs from trees.
A walk around your building is a good idea. Look for
loose mortar, peeling or loose caulking, or other signs of
winter abuse. Are doors shutting correctly and are there
any obvious signs of air infiltration? Water stains on the
side of the building are indicative of drainage problems
on the roof.
And if you really want your building to stand out,
consider some low cost items such as painting sign
posts, protective bollards, and curbs. Washing windows
and planting flowers at your entrance way will also
create a nice impression. Yes, spring is here, and as
nature renews itself from the long cold winter, we can
do the same with the buildings that we own or manage.
6
Property Spotlight...
10,000 Square Foot Industrial Building for Sale
In the Heart of Farmingdale’s Industrial District
109 Allen Boulevard,
Farmingdale, New York






10,000 square foot industrial building available
90% warehouse - 10% office
Fully sprinklered, oil heating
Three overhead drive-in doors
14’ ceiling height
800 Amp electrical service
Free-standing industrial building available for sale
in the heart of Farmingdale’s industrial district, two
blocks east of Route 110. Building is on a one-acre
lot with plenty of parking. Woodworking business
has occupied the property since its purchase in late
1970s. Business itself is also for sale.
Contact: Andy Dorman - 516.937.1000
7,000 Square Feet of Office Space for Lease
Only $16 per Square Foot Plus Energy
100 Terminal Drive,
Plainview, New York
 7,000 square feet of office space available






Contact: Andy Dorman - 516.937.1000
Divisible to 1,225 square feet
Fully sprinklered, sewers, gas heating
High parking ratio
Central air-conditioned offices
Great window line
Near all major roadways
7,000 square feet of office space available for lease
in a modern 14,000 square foot office building.
The space offers the most affordable high-quality
office space in Nassau County. Low rates, flexible
space options, and on-site management add up to a
comfortable and convenient place for your business.
Of course, all information is from sources deemed reliable and is subject to prior rental or sale, errors, omissions, change of price, and withdrawal without notice.
Hunt Corporate Services, Inc. - 17 Dupont Street, Plainview, NY 11803
Presorted Standard
U.S. POSTAGE
PAID
Permit # 385
Hicksville NY
17 Dupont Street
Plainview, NY 11803-1614
Return Service Requested
(516) 937-1000
(800) 360-2250
FAX (516) 931-1850
[email protected]
www.huntcorp.com
THIS ISSUE:
Spring Cleaning
Comparable Sales
Recycling Older Buildings - Part 1
Available Properties
May - June 2015
We Facilitate Your Businesssm
Renew your property!
All phases of
interior and exterior
construction and
maintenance
BEFORE
It never hurts to get another bid!
Your property can
look new again.
AFTER
516-937-1000
Call Rob Ciurleo, Senior Managing Partner, 516 937-1000 for a free consultation and quotation. www.huntcsi.com