Shi Yun Signs 5-Year NNN Lease For Industrial Space In Long Island City
LEASED
$22
New York
See Similar DealsIndustrial5,000 SF
Leased 07/13/2023
LEASED
Shi Yun Signs 5-Year NNN Lease For Industrial Space In Long Island City
21-38 44th Rd Queens, NY 11101, USA
See Similar DealsIndustrial5,000 SF
Leased 07/13/2023
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$22
Total Square Footage:5,000 SF
Transaction Type:Lease
Located at 21-38 44th Road in Long Island City, this industrial property is the subject of a lease transaction. The property spans a total area of 5,000 square feet and is being offered at an asking rent of $22 per square foot, NNN (Triple Net). The lease terms include a NNN 5-year lease with annual increases, along with additional options.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 21-38 44th Road, Long Island City
- Market: Long Island City
The landlord of the property is Nikitas Drakotos, and the tenant in this lease agreement is Shi Yun. Representing the deal are brokers Rodney Nassimian and Christen Portelli from Highcap Group.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$126,102.67
Total Lease Value
$1,261,026.72
Net Landlord Cash Flow$126,102.67
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