October 2016 Vol.9 Issue 2
Dear Friends,

When we begin the process of representing a new client who wants to purchase their commercial real estate, we have a long intake session on their requirements, timetable and business. One element of site selection is the evaluation of future property appreciation and resale value. While it is rarely recognized by our clients, it will always be a consideration in our evaluation and recommendation of potential alternatives.

How we do that is the basis of this month's article, " Buying for Resale Value." It reviews at length the five most important criteria in evaluating the possible resale value of commercial or industrial property. If all other variables are equal, I will always choose the property with the higher resale potential. And I will explain why you should too!

Autumn is my favorite time of year, so I am really enjoying the change in seasons. And school is back in session, so I am now starting my 5th year of mentoring at-risk kids at Walt Whitman High School. I am volunteering with Earn and Learn, a program founded and funded by my good friend, Jefry Rosmarin. We have a great group of kids this year, and they certainly keep us on our toes!

And a new Scouting year has also begun, so that is keeping me incredibly busy as well. This is the best time to get a son or daughter involved in Scouts - Cub Scouts and Boy Scouts for boys, and Venturing (high adventure) or Exploring (career exploration) for both boys and girls. If you would like more information for your child, please call me and I will get you started! Or you can go to www.beascout.org for more information. And if you live in Suffolk County, please visit the website at www.sccbsa.org for the great programs offered by our Council.

Oh, the possibilities!

David G. Hunt
10 Commerce Drive
 
Buying for Resale Value
 by David Hunt
   
Q: 
We are in the market to purchase a 30,000 square foot industrial building suitable for light manufacturing and warehousing. What criteria should we consider in our purchase that will maximize the appreciation of the real estate in the future? 
 
129 Walt Whitman Road
Huntington, NY
 
   3,000-Square-Foot Building For Sale
  
At Entrance to Walt Whitman Mall

  
Video Tour         Brochure
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185 Waverly Avenue
Patchogue, NY
 
8,000-Square-Foot Building For Sale or Lease
 
Suitable for Medical, Office, Contractors, and Industrial

Video Tour        Brochure
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Horseblock Road
Medford, NY
 
4.75 Acres Land For Sale
 
One Mile North of Long Island Expressway

 
Click image above for two-page property brochure.

COMPANIES ON THE MOVE
  
Printex Packaging Corporation is moving to 555 Raymond Drive, Islandia...
PSI Group is moving to 200 Robbins Lane, Jericho...
Savoy Medical Supply is moving to 40 Rabro Drive, Hauppauge...
PODS  of New York is moving to 120 Spagnoli Road, Melville...
Dicom USA is moving to 600 West John Street, Hicksville...
The International Society of Business is moving to 1051 Franklin Avenue, Garden City...

COMPARABLE SALES IN THE LAST 12 MONTHS

City  Address               Property Type  Size SF   Office SF Acres Total  Sold Price/SF  Sold Date 
Bohemia 110 Keyland Court Industrial
2,400
.06 $137.50
9/2/2016
Amityville
607 Albany Avenue Industrial 13,137 1,800 .40 $87.54 9/1/2016
Bohemia 519 Johnson Avenue Industrial
20,000 4,000 1.34

$91.25
8/30/2016
West Babylon
111 Dale Street
Industrial 5,000
1.25
$126.00
8/23/2016

Lindenhurst

147 Albany Avenue Industrial 7,000 600 .24 $96.43 8/11/2016
Freeport
9 Niagara Avenue Industrial
19,175


$48.34
8/9/2016
Commercial Real Estate
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You have an attorney. You have an accountant. Now you can have a professional real estate advisor!

HUNT provides specialized experience and expertise in the marketing and acquisition of corporate real estate. Unlike traditional real estate brokers, we represent our clients exclusively. 

HUNT- Solving Commercial Real Estate issues since 1973

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