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26 Cobeck Court

Carlo Lopopolo Leases Industrial Space At 26 Cobeck Court To Tri-State Foods Distribution
LEASEDIndustrial

Carlo Lopopolo Leases Industrial Space At 26 Cobeck Court To Tri-State Foods Distribution

26 Cobeck Court

$40

$40/SF

Building Size

3,000 SF

Asset Type

Industrial

Closing

Nov 14, 2024

AI

The property asset involved in this transaction is an industrial facility located at 26 Cobeck Court in the Brooklyn market. The asking rent is set at $40 per square foot for a total of 3,000 square feet. The lease type is classified as a Single Net Lease.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $120,000
  • Landlord: Carlo Lopopolo
  • Tenant: Tri-State Foods Distribution
  • Broker: Michael Gammal - Swift Retail Advisors

This transaction involves Michael Gammal from Swift Retail Advisors representing the landlord, Carlo Lopopolo, in the lease agreement with the tenant, Tri-State Foods Distribution. The deal highlights the collaboration between the parties to finalize the lease terms effectively.

Players

Michael Gammal

Swift Real Estate Advisors

Broker

$1.6M

vol

17 deals

Broker

Brooklyn 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

396575.00%

Cash-on-Cash

-113342.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93