Updated Mar 21, 2025
Englebert Moving And Storage Inc. Leases Industrial Space From Dorf Associates In Jamaica For $21/SF
178 16 104th Avenue
$21
$21/SF
Building Size
15,500 SF
Asset Type
Industrial
Closing
Mar 1, 2025
About this deal
AI
The property involved in this transaction is an industrial asset located at 178 16 104th Avenue in the Jamaica market. The total square footage of the asset is 15,500, with a rental rate of $21.00 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: 21.00
- Address: 178 16 104th Avenue
- Market: Jamaica
- Square Feet: 15,500.0
- Tenant: Englebert Moving and Storage Inc.
- Landlord: Dorf Associates
- Tenant's Representative: Steve Bobis (Bobis Realty)
This lease transaction involves key participants, with Englebert Moving and Storage Inc. leasing the space from Dorf Associates, represented by Steve Bobis of Bobis Realty. Each entity plays a crucial role in finalizing the terms of the lease agreement.
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
755380.95%
Cash-on-Cash
-215890.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93