Industrie Capital Partners Leases Office Space To Mother Industries In Gowanus, Brooklyn
94 9th St, Brooklyn, Ny 11215, Usa
Building Size
61,000 SF
Asset Type
Office
Closing
May 8, 2020
AI
The Roulston House located at 94 9th Street in Gowanus, Brooklyn has recently been leased. The 61,000 square foot office space was leased by Mother Industries. The landlord, Industrie Capital Partners, facilitated the deal with the assistance of their representatives Joseph Hamway and Josh Sloan. Mother Industries was represented by the Schoen Team of Savitt Partners. The asking rent for the property was $50 per square foot.
Summary of transation details
- Property Type: Office
- Transaction Amount: N/A
- Address: 94 9th Street, Gowanus, Brooklyn
- Market: Gowanus, Brooklyn
- Square Footage: 61,000
- Tenant: Mother Industries
- Landlord: Industrie Capital Partners
- Landlord's Representative: Joseph Hamway, Josh Sloan - Industrie Capital Partners
- Tenant's Representative: Schoen Team - Savitt Partners
- Asking Rent: $50 per square foot
This lease transaction highlights the successful collaboration between Mother Industries and Industrie Capital Partners in securing the office space at the Roulston House. The involvement of representatives Joseph Hamway, Josh Sloan, and the Schoen Team further facilitated the negotiation process.
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93