Visual ID Signs Lease For 10700 Square Feet At 600 W John St Hicksville With Milvado Property Group
600 W John St, Hicksville, NY, 11801
Building Size
10,700 SF
Asset Type
—
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in the transaction is located at 600 W John St, Hicksville, NY, 11801, within the Hicksville market. The leased space encompasses a total of 10,700 square feet and is now occupied by the tenant, Visual ID. The landlord of this property is Milvado Property Group.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 600 W John St, Hicksville, NY, 11801
- Market: Hicksville
- Tenant: Visual ID
- Landlord: Milvado Property Group
- Tenant's Representative: Matthew Balzano (Schacker Realty)
- Square Feet: 10,700
Key individuals in this transaction include Matthew Balzano, who represents the tenant, Visual ID, through Schacker Realty. The landlord, Milvado Property Group, oversees the property, facilitating the lease agreement with the tenant.
Players
Hicksville CRE Market Snapshot
Boundary boundary · CRE · 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