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Pantheon Equipment Leasing LLC Leases Industrial Space In Long Island City From Moe Malik

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LEASED

New York

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Industrial80,000 SF
Leased 03/01/2020
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LEASED

Pantheon Equipment Leasing LLC Leases Industrial Space In Long Island City From Moe Malik

50-09 27th Street, Long Island City, Queens, NY, USA

See Similar Deals
Industrial80,000 SF
Leased 03/01/2020
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Summary

NEW YORK
Asset Type:Industrial
Total Square Footage:80,000 SF
Transaction Type:Lease

An industrial property located at 50-09 27th Street in Long Island City was leased on March 1, 2020. The property spans approximately 80,000 square feet and is situated in the market of Long Island City.

Summary of transaction details

  • Property Type: Industrial
  • Tenant: Pantheon Equipment Leasing LLC
  • Landlord: Moe Malik
  • Brokers: Gurpreet (Sonny) Singh - Singh.Cre, Sabbir Ahmed - EliteSynergyRealty
  • Asking Rent: $18/ft.

Gurpreet (Sonny) Singh from Singh.Cre and Sabbir Ahmed from EliteSynergyRealty represented the tenant in the deal.

For M-Zoned properties, @singh.cre and @elitesynergyrealty can provide ground lease valuations and consultations, offering an alternative to selling the property.

Players

Gurpreet (Sonny) Singh
7 deals$12.3M volume(718) 275-5478
BROKER

Sabbir Ahmed
2 deals$7.3M volume
BROKER

ACC Space
BROKERAGE

Details

LEASED
IMAGE: Gurpreet (Sonny) Singh & Sabbir Ahmed DATE: 03/01/2020 ADDRESS: 50-09 27th Street MARKET: Long Island City ASSET TYPE: Industrial TENANT: Pantheon Equipment Leasing LLC LANDLORD: Moe Malik BROKERS: Gurpreet (Sonny) Singh @Singh.Cre & Sabbir Ahmed @EliteSynergyRealty ASKING RENT: $18/ft. ~ SF: 80,000 NOTE FROM BROKER: Why sell when you can Ground Lease? Contact @singh.cre & @elitesynergyrealty for a Ground Lease valuation & consultation for your M-Zoned properties.

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Deal Type
Effective Rent (Annual)

$4,585,551.72

Total Lease Value

$45,855,517.25

Net Landlord Cash Flow$4,585,551.72