
Gateway at Lake Success | Lake Success, NY
Gateway at Lake Success is comprised of two commercial office buildings, of approximately equal size, located in western Nassau County, Long Island. Each building has three above-grade floors and one subterranean concourse level. Brickman saw great appeal in this asset due to the attractive yield on investment and the underlying fundamentals of the property. Brickman purchased a mezzanine loan on two office buildings with a total of 670,000±SF. The credibility of the owner/operator, high occupancy of credit tenants, and below-market valuation supported the thesis to purchase the preferred note.
Property Details
- Property Type
- Office
- Investment Type
- Mezzanine
- Rentable Area (S.F.)
- 671,000
- Year Built
- 1984
- Investment Date
- Dec-05
