Shi Yun Signs 5-Year NNN Lease For Industrial Space In Long Island City | 21-38 44th Road | Rodney Nassimian, Christen Portelli | Industrial | Lease

Summary

Lease

NEW YORK

Industrial

5,000 sqft

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.

Players

All
3

Agents
2
Agencies
1

Rodney Nassimian

Investment Sales Associate

$53.7M Sold

Christen Portelli

Managing Principal

$72M Sold

Highcap Group

Details

Deal Summary

LEASED

IMAGE: Rodney Nassimian & Christen Portelli DATE: 07/13/2023 ADDRESS: 21-38 44th Road MARKET: Long Island City ASSET TYPE: Industrial LANDLORD: Nikitas Drakotos TENANT: Shi Yun BROKERS: Rodney Nassimian (@OldRodisBack) & Christen Portelli - Highcap Group (@Highcap_Group) ASKING RENT: $22/ft NNN~ SF: 5,000 LEASE TERM: NNN 5-year lease with annual increases plus options

View on map

Address21-38 44th Road

Comparables

This user does not have deals with the selected filters yet.
Reset filters to show results.

Contact

Get in touch with the broker you want