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.
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