B+E, the first brokerage and technology platform for net lease real estate, today announced the sale of a vacant data center located in Hauppauge, New York for $21,000,000.
B+E, the first brokerage and technology platform for net lease real estate, today announced the sale of a vacant data center located in Hauppauge, New York for $21,000,000.
By capitalizing on the compelling opportunity to own seven acres of developable land in the second largest industrial park in the United States behind Silicon Valley, B+E was able to target an audience beyond traditional data center owners and operators.
“B+E’s marketing approach of broadening the buyer pool resulted in multiple first round offers,” said B+E broker Tim Taylor. “We led a competitive bidding process that ultimately drove the sale above the original asking price.”
B+E Special Situations team focuses on the sale of vacant, underutilized or otherwise impaired single tenant commercial real estate and related debt. For more information on value-add net lease opportunities, contact Tim Taylor at ttaylor@tradenetlease.com or go to www.tradenetlease.com.
About B+E
B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform consisting of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.
Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York, Chicago, Atlanta, Tampa, Charlotte, and San Francisco, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.