Updated Aug 13, 2025
Dorf Associates Leases Industrial Space To Superior Building Products Inc In Jamaica For $20/ft
106 20 180th Street
$20
$20/SF
Building Size
17,500 SF
Asset Type
Industrial
Closing
Jul 31, 2025
About this deal
AI
The property involved in this transaction is an industrial asset located at 106-20 180th Street in Jamaica. The lease type is Modified Gross, with an asking rent of $20 per square foot and a total square footage of 17,500. The landlord for this lease is Dorf Associates.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20/ft
- Square Footage: 17,500
- Address: 106-20 180th Street
- Market: Jamaica
- Landlord: Dorf Associates
- Tenant: Superior Building Products INC
- Broker: Steve Bobis - Bobis Realty
The key individuals involved in this transaction include Steve Bobis, who represents Bobis Realty as the broker for the lease. The tenant, Superior Building Products INC, has entered into this lease agreement with the landlord, Dorf Associates, highlighting the collaboration between both parties in securing this industrial space.
Players
Jamaica Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
793150.00%
Cash-on-Cash
-226684.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93