Listed by Marcus & Millichap - Manhattan
$10,800,000
Hitemco, Old Bethpage, NY
Details
APN 47 A 270
Property Type Industrial
Sub Type Warehouse
Square Footage 48,530
Net Rentable (SqFt) 48,530
Units 1
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 8
Lease Expiration 12/31/2028
Remaining Term 2.4
Rent Bumps Yes
Lease Options One (1), Three (3) Year
Price per SqFt $223
Class B
Year Built 1967
Year Renovated 2026
Buildings 1
Stories 2
Acreage 3.320
Zoning LI
Parking Spaces 83 spaces
Parking per 1,000 SqFt 1.71
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2021
Ground Lease No
Ceiling Height 18
Loading Docks 2
Dock High Doors 5
STNL Industrial Property | 48,530 SqFt | 3.32 AC | LXD 12/2028 | 2 MW Electrical Service
Marketing description
Marcus & Millichap is pleased to present for sale 160 Bethpage–Sweet Hollow Road, a single-tenant NNN industrial asset leased to Hitemco in Old Bethpage, NY.
Hitemco offers an array of special coating and surface finishing processes, spanning multiple industries. The business has developed a particular expertise in diffusion coatings — offering silicide, aluminide, chromide, and platinum — while the thermal spray capabilities encompass HVOF and most plasma processes. Hitemco has become a key coating and surface finishing provider in the aerospace, ground-based turbine, nuclear, and hydrogen fuel cell industries, realizing an impressive customer portfolio in both commercial and military sectors.
Investment highlights
- NNN lease with Hitemco — Hitemco is a trusted supplier to major aerospace OEMs, energy companies, and defense contractors, with decades-long relationships.
- 48,530 SF - 3.32 AC - 2 Megawatts of Electrical Service - 5 Drive-in doors - 2 Loading docks - 3 Elevators - 4 Pit Furnaces - Varying clear heights of 18', 20', & 30'
- Long-Standing Operating Stability — More than five decades of continuous regional presence supporting durable tenancy and deep workforce roots.
- Mission-Critical Production Role — Core processes are directly tied to aerospace and defense supply chains, supporting high-value, long-cycle programs.
- Institutional-Grade Backing — Supported by Lincotek’s global platform, providing financial strength and long-term operational investment.
- Highly Skilled Workforce — Specialized labor and stringent QA requirements reinforce operational stickiness and facility dependence.
- Significant Relocation Barriers — Specialized equipment, OEM approvals, and infrastructure needs create high switching costs and long-term stability.
- Additional Undeveloped Land — There is an additional 0.9-acre parcel of land at the rear of the property that could be further developed.
Listing Contacts
Listed by Marcus & Millichap - Manhattan
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