A retail property in Hauppauge has traded for $2.35 million.
Dan Flynn, a Long Island-based real estate investor, purchased the 5,300-square-foot building on .66 acres at 676 Motor Parkway.
The five-store strip center is fully occupied.
The sale price equates to a 5.9 percent cap rate.
The buyer was self-represented, while Stephen Preuss, Kevin Schmitz, Kevin Louie and Andreas Efthymiou of RIPCO Real Estate represented the seller, Hildreth Real Estate Advisors, in the sales transaction.
David Winzelberg
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