MRA and its joint venture partner, Angelo Gordon & Co, have acquired 81 Spence Street, Bay Shore, NY. The 128,600 SF single-tenant industrial building is located on 5.6 acres and is situated adjacent to 5 Inez Drive, another property in the portfolio recently acquired as part of the partners’ $50 million programmatic industrial venture.
81 Spence Street is a strategically-located industrial asset with ten loading docks, two drive-in doors, 24-foot clear ceiling heights throughout the warehouse, and an abundance of parking. The property boasts features in high demand by distribution and manufacturing tenants, making this asset a discerning investment for years to come.
81 Spence Street is 100 percent occupied by Duro Dyne Corporation, a leading manufacturer and global distributor of sheet metal accessories and equipment products for the heating, ventilation, and air conditioning industries. In addition to its Bay Shore headquarters, Duro Dyne has offices in Colorado, Ohio, Canada, and Dubai, with distributions made to countries throughout South America, Europe, and Asia.
Conveniently located for commerce, 81 Spence Street is a six-minute drive to the Long Island Railroad, an 11-minute drive to Pinter Warehouse rail terminal, and a 60-minute drive to the Red Hook Container Terminal. For access to area airports, the building is only 22 minutes to Long Island McArthur and 41 minutes to JFK.