
Medford, New York
LFF Industrial acquired a vacant, single-tenant warehouse with parking and outdoor storage. The property is ideally situated directly between the Long Island Expressway (I-495) and Sunrise Highway in Suffolk County, Long Island, providing convenient access to both Long Island and New York City.
LFF immediately initiated its value-add business plan of performing building-wide capital expenditures and demising the building into a two-tenant facility, having successfully navigated a complex bureaucratic process. In an off-market acquisition process, LFF relied on its intimate knowledge of the local submarket and recognized that the property contained unique characteristics that would generate a premium in rent relative to nearby vacancies, especially if the property were to be converted into a multi-tenant facility.
The property is currently stabilized, with 50% of the building leased to a subsidiary of a $66 billion public company, and 50% of the building leased to a well-capitalized and rapidly growing building systems & contracting services firm.





