Lincoln Equities Group has sold Lincoln Logistics @ Hicksville, a new, 195,610-square-foot distribution warehouse in the densely populated Long Island community of Hicksville, N.Y.
The sales price was $74.5 million. An institutional investor purchased the asset.
Completed in December of 2020, Lincoln Logistics @ Hicksville is fully occupied by The Home Depot (S&P Rated A) and serves as the tenant’s market distribution operation on Long Island. The building features 36-foot clear heights, 50-foot by 54-foot wide column spacing, 29 dock-high doors, two drive-in doors and 4,185 square feet of office space. The building is situated on 10 acres at 344 Duffy Ave. in an infill area with limited new supply. This location allows the tenant to reach Long Island’s growing population of 8 million people. Additionally, the property is less than 22 miles from John F. Kennedy International and LaGuardia airports.
“There was a very strong response to the offering fro
