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Fastenal Co Leases 7,100 SF Industrial Warehouse In Bronx At 1448 Ferris Place

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LEASED
Mathew (Mat) Diana
Josh Gopan

New York

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Industrial7,100 SF
Leased 07/26/2023
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LEASED

Fastenal Co Leases 7,100 SF Industrial Warehouse In Bronx At 1448 Ferris Place

1448 Ferris Place Bronx, New York 10461, USA

See Similar Deals
Industrial7,100 SF
Leased 07/26/2023
Mathew (Mat) Diana
Josh Gopan
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:7,100 SF
Transaction Type:Lease

A 7,100-square-foot industrial warehouse located at 1448 Ferris Place in the East Bronx has been leased. The property, owned by Simone Development Cos, will now be occupied by Fastenal Co, a fastener distributor. This industrial space provides ample room for Fastenal Co to carry out its operations in the Bronx market.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Address: 1448 Ferris Place
  • Market: Bronx
  • Tenant: Fastenal Co
  • Landlord: Simone Development Cos
  • Broker: Mathew Diana - DY Realty Group

The lease transaction was facilitated by Mathew Diana of DY Realty Group, who represented Fastenal Co in the deal. Simone Development Cos, the landlord, had Josh Gopan and Jeremy Schwartz as their in-house brokers. This collaboration between the tenant, landlord, and their representatives has successfully secured the lease of this industrial warehouse in the East Bronx.

Players

Mathew (Mat) Diana
DY Realty Group
Mathew Diana
19 deals$415.6M volume
BROKER
Deutsche Pfandbriefbank AG
Deutsche Pfandbriefbank AG
LENDER
Josh Gopan
Josh Gopan
5 deals
LANDLORD

Details

LEASED
IMAGE: Jeremy Schwartz, Josh Gopan & Mathew Diana DATE: 07/26/2023 ADDRESS: 1448 Ferris Place MARKET: Bronx ASSET TYPE: Industrial ~ SF: 7,100 LANDLORD: Simone Development Cos - Josh Gopan & Jeremy Schwartz TENANT: Fastenal Co BROKER: Mathew Diana - DY Realty Group (@DYRealtyGroup) NOTE: Fastener distributor Fastenal Co. has signed a lease for a 7,100-square-foot industrial warehouse at 1448 Ferris Place in the East Bronx. The landlord, Simone Development Cos., was represented in-house by brokers Josh Gopan and Jeremy Schwartz, while DY Realty's Mathew Diana represented the tenant in the deal.

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Deal Type
Effective Rent (Annual)

$406,967.72

Total Lease Value

$4,069,677.16

Net Landlord Cash Flow$406,967.72