CVS-anchored retail building in Central Islip sold for $8 million

Pandem Enterprises sold off a 13,000-square-foot retail space at 2-8 E. Suffolk Avenue in Central Islip for $8 million, according to Long Island Business News. Currently, the building has been leased net leased out to a CVS drugstore. Adam Silber of Silber Investment Properties, a commercial brokerage based out of Plainview, represented the buyer, JRI 28CI LLC, and the seller. The sale closed earlier this month. Silber’s company had been based in Hicksville, until last year, when it moved to a 12,000-square-foot office space in Plainview that is 8,000 square feet larger than its old home, according to Newsday. Silber told the newspaper at the time that he expects to bring more staff into his business, which has made $4 billion selling retail investment properties since he founded it in 1994. Earlier this month, a 4.1-acre manufacturing property in West Islip sold for $2.45 million amid plans to redevelop the site into a retail center.  [LIBN]