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CBRE Represents Church Of Jesus Christ Of Latter-day Saints In 40,000 SF Upper West Side Lease
LEASED
New York
See Similar DealsChurch40,000 SF
Leased 01/11/2024
LEASED
CBRE Represents Church Of Jesus Christ Of Latter-day Saints In 40,000 SF Upper West Side Lease
245 West 77th Street
See Similar DealsChurch40,000 SF
Leased 01/11/2024
Summary
NEW YORK
Asset Type:Church
Price Per Square Foot:$0
Total Square Footage:40,000 SF
Transaction Type:Lease
The landmarked Upper West Side space of West End Collegiate Church at 245 West 77th St is set to undergo a transformation, with The Church of Jesus Christ of Latter-day Saints securing a three-year lease for 40,000 square feet.
Summary of transaction details:
- Property Type: Church
- Transaction Amount: Not specified
- Address: 245 West 77th Street
- Market: Upper West Side
- Asset Type: Church
- Tenant: Church of Jesus Christ of Latter-day Saints
- Landlord's Rep: OPEN Impact Real Estate
- Tenant's Rep: Mark Zussman - CBRE
The deal was facilitated with the landlord being represented by OPEN Impact Real Estate, while Mark Zussman from CBRE acted as the tenant's representative.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,292,775.86
Total Lease Value
$22,927,758.62
Net Landlord Cash Flow$2,292,775.86
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