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LIC Industrial Goes on the Market for $51M
Cushman & Wakefield is marketing a linear, three-building 117,500-square-foot industrial portfolio in Long Island City for lease and sale. The asking price for the portfolio is $51 million, and each building can be acquired individually.
The portfolio consists of three adjacent industrial properties: the 35,500-square-foot 31-30 Hunters Point Ave., 29,000-square-foot 31-35 Borden Ave, and 53,000-square-foot 49-33 31st Pl. A Cushman & Wakefield team led by Stephen Preuss will lead sales marketing efforts, while Michael Deutsch, Joe Grotto and Joseph Meyerson will focus on leasing.
“As the ecosystem of last-mile distributors, new manufacturing employers and long-term industrial users continues to flourish in Queens and Brooklyn, this portfolio of properties presents an idyllic location and wide range of potential activity for tenants,” said Deutsch.
“With immediate access to major thruways to Manhattan and Long Island, and bordering both Long Island City and Greenpoint, this portfolio presents a dynamic opportunity for investors seeking hard-to-find industrial availability in Queens,” added Preuss.
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- ◦Sale/Acquisition
- ◦Lease
