Building Information

Property NameWoodlands Office Park, Hauppauge, New York
Building Size125,000 sq.ft.
Date PurchasedDecember 1997
Purchase Amount$8,350,000
Occupancy at Purchase70%
RepositioningThis office park was purchased out of an arduous foreclosure and has fully renovated lobbies, HVAC and landscaping. Within 18 months the property was running at 90% occupancy after an investment of $1,300,000.
Sale DateMay, 2001
Sale AmountAvailable upon request
Occupancy in Year of Sale91%
NOI in Year of Sale$1,709,833, 2001 budgeted



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