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Successful Sale of 1140 Motor Parkway and 35 Additional Properties in Suffolk County, Long Island
Bob Knakal successfully closed the sale of a massive 36-property industrial portfolio spread across Suffolk County, Long Island. The sale, completed on December 29, 2017, included over 3.5 million square feet of industrial space and was transacted for $135,000,000. The transaction represents one of the most significant industrial sales in the county’s recent history, demonstrating strong investor demand in Long Island’s evolving industrial market.
This portfolio featured a unique scale, totaling 280 units across 36 properties and was acquired by Rubin Schron from seller Abe Fruchthandler.
Portfolio Sales - For the complete list click here Portfolio Sales
Sale Details
Bob Knakal’s strategic marketing and positioning of this portfolio generated considerable interest from industrial investors seeking scale and long-term upside.
Sale Price: $135,000,000
Price per Square Foot: $38.24
Sale Date: December 29, 2017
Buyer: Rubin Schron
Seller: Abe Fruchthandler
Asset Class: Industrial Portfolio
Key Sale Highlights:
- 36 industrial buildings across Suffolk County
- 3,530,000 square feet of total space
- 280 total units
- Sold at approximately $38.24 per square foot
- Significant long-term lease potential and scale
Property Details
This expansive portfolio spans multiple addresses including 1140 Motor Parkway, 275 Marcus Blvd, 1 Comac Loop, 2905 Veterans Hwy, 95 Seaview Blvd, and many others—representing a significant footprint across the Suffolk County industrial corridor. Most properties sit within key commercial zones ideal for warehouse, logistics, and light manufacturing uses.
Location: Various addresses across Suffolk County, Long Island, NY
Number of Properties: 36
Total Square Footage: 3,530,000 SF
Units: 280 industrial units
Investment Highlights:
- Strategically located near major arteries like Veterans Highway and Jericho Turnpike
- Diverse tenant mix and flexible unit sizes
- Positioned in a growing logistics and industrial corridor
- Portfolio scale allows operational efficiency and upside through repositioning or redevelopment
Market Strategy and Positioning
Long Island's industrial market has experienced a surge in demand due to its proximity to New York City and the growth of e-commerce and logistics services. Suffolk County, in particular, has emerged as a sought-after destination for large-scale industrial tenants looking for space outside of the urban core but within striking distance of major metro areas.
Bob Knakal’s approach emphasized the scale and diversification of the portfolio, appealing to investors focused on long-term value and operational breadth. His team's precise segmentation and outreach allowed for national and local bidders to engage, ultimately securing a competitive sale price.
Neighborhood Overview
Suffolk County offers a compelling mix of logistical advantages and quality infrastructure. It provides companies with access to:
- Major highways such as I-495 (Long Island Expressway), Route 110, and Sunrise Highway
- A growing ecosystem of last-mile delivery and light manufacturing firms
- Proximity to regional airports and freight corridors
Notable Features of Suffolk County:
- Home to well-established industrial parks and hubs
- Strong labor pool with proximity to residential areas
- Continued infrastructure investment fueling commercial growth
- Relatively affordable space compared to NYC metro markets
Conclusion
The $135,000,000 sale of this 36-property industrial portfolio is a testament to Bob Knakal’s ability to navigate complex, large-scale transactions and deliver exceptional results for his clients. With expert positioning and a comprehensive understanding of the Suffolk County market, Bob maximized value in a rapidly growing asset class.
For industrial owners looking to evaluate or sell their assets, this transaction underscores the value of partnering with a team that understands scale, positioning, and timing.
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Frequently Asked Questions
Q1: How large is the Suffolk County industrial portfolio sold by Bob Knakal?
The portfolio consists of 36 buildings totaling approximately 3,530,000 square feet of industrial space across Suffolk County, Long Island.
Q2: What type of tenants occupy these industrial buildings?
The properties are suited for a wide range of industrial users, including logistics, warehousing, distribution, and light manufacturing tenants.
Q3: What makes Suffolk County attractive for industrial investments?
Suffolk County offers strategic highway access, proximity to NYC, affordable space, and a growing logistics demand due to the rise of e-commerce.
