Realterm acquires high-quality industrial outdoor storage facility on Long Island

Realterm, an independent global investment manager focused on the transportation industry, announced today the acquisition of 1013 Long Island Avenue, a fully leased industrial outdoor storage facility located in Deer Park, New York.

Sitting on 3.2 acres, the 6,800-square-foot facility features functional drive-in capability with two drive-in bays, offering exceptional operational flexibility for service providers. The site is fully fenced and lit, with two points of ingress and egress, ensuring efficient traffic flow.

“The Long Island logistics market continues to outperform, driven by a dense population base, high income demographics, and exceptionally high barriers to entry,” said Nick Dupuis, Vice President of Investments at Realterm. “1013 Long Island Avenue benefits from a central location within the market, excellent access to the Long Island Expressway, permissive heavy industrial zoning, and functional improvements that support a wide range of industrial uses.”

Located in close proximity to I-495, Route 25 and Route 27, 1013 Long Island Avenue’s central location provides seamless access across Long Island. Additionally, the site provides access to downtown Manhattan and New York City region’s major airports in under an hour.

“Long Island represents exactly the type of supply-constrained market we target,” said Stephen Panos, Managing Director and Senior Fund Manager at Realterm. “With limited developable land, sustained rent growth and consistently low vacancies, this acquisition aligns perfectly with our strategy of acquiring the most functional industrial outdoor storage facilities in logistics markets where supply-demand fundamentals drive long-term value.”