Abro Wood Works Leases Industrial Space At 130-11 Atlantic Avenue For $20 Per Ft
130-11 Atlantic Avenue
$320,000
$320,000/SF
Building Size
14,500 SF
Asset Type
Industrial
Closing
May 6, 2026
AI
The property located at 130-11 Atlantic Avenue, Richmond Hill, is an industrial asset with a lease agreement involving a tenant named Abro Wood Works. The asking rent for this property is set at $20 per square foot, encompassing a total area of 14,500 square feet. The lease term has been established for 10 years under a Full Service Gross lease type.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20/ft
- Lease Term: 10 Years
- Lease Type: Full Service Gross
- Address: 130-11 Atlantic Avenue, Richmond Hill
- Broker: William Diana - WTD Realty Partners
- Tenant: Abro Wood Works
William Diana from WTD Realty Partners represents the leasing transaction. The building is also exclusively up for sale via WTD Realty Partners, and interested parties can contact William Diana for more details at 212-201-3511 or via email at [email protected].
Richmond Hill 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
49.57%
Cash-on-Cash
-14.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93