1100 Prospect Ave., West Islip
Mercurio Photography leased 1,662 square feet of warehouse and office space at 1100 Prospect Ave. In West Islip. Jamie Winkler of Winkler Real Estate represented the tenant, as well as the landlord, Mibran Realty Corp., in the lease transaction.
231 Wading River Road, Center Moriches
231 Wading River Road LLC, an entity registered to a Port Jefferson-based real estate investor, purchased a 2,975-square-foot retail building on 1.5 acres at 231 Wading River Road in Center Moriches for $4.4 million. The convenience store and gas station on the property are net-leased to 7-Eleven. Jeff Dahlman of Select Real Equity Advisors represented the buyer, while Mark Walsh of Select Real Equity Advisors represented the seller, Donald Zucker Company, in the sales transaction.
505 Walt Whitman Road, Melville
505 WW Holdings LLC, an entity registered to a Roslyn-based real estate investment group, purchased a 9.200-square-foot retail building on 1.16 acres at 505 Walt Whitman Road in Melville for $3.3 million. The property is fully occupied by two tenants, Steinway Piano Gallery and Grace Music and the sale price equals to a 7 percent cap rate. Michael Gronenthal of Douglas Elliman Commercial represented the buyer, while Ted Trias served as in-house representative for the seller, Rechler Equity Partners, in the sales transaction.
2111 Merrick Ave., Merrick
101 Oriental Blvd. LLC, an entity registered to a Franklin Square-based real estate investor, purchased a 4,700-square-foot retail building on .25 acres at 2111 Merrick Ave. in Merrick for $2.9 million. The property is net-leased to Roslyn Savings Bank and the sale price equates to a 6 percent cap rate. Jesse Anselmo of Tri Novo Realty represented the buyer, while Peter Wolf of Select Real Equity Advisors represented the seller, Sam Drayman Family Co. LLC, in the sales transaction.
202 E. Dixon Blvd., Shelby, NC
Commack-based Cosentino Companies purchased a 6,150-square-foot retail building on 1.21 acres at 202 E. Dixon Blvd. in Shelby, NC for $2.25 million.
The property is net-leased to Mattress Firm, which signed a 10-year lease in June and the sale price equals to a 6 percent cap rate. Stefanie Cosentino of Cosentino Realty represented the buyer, while Sam Young and David Hoppe of Atlantic Capital Partners represented the seller, MPG Shelby LLC, in the sales transaction.