Park Pro Systems Leases Industrial Space In Sunset Park, Brooklyn
LEASED
New York
See Similar DealsIndustrial24,040 SF
Leased 09/03/2020
LEASED
Park Pro Systems Leases Industrial Space In Sunset Park, Brooklyn
5200 1st Ave, Brooklyn, NY 11232, USA
See Similar DealsIndustrial24,040 SF
Leased 09/03/2020
Summary
NEW YORK
Asset Type:Industrial
Total Square Footage:24,040 SF
Transaction Type:Lease
A lease transaction has taken place in Sunset Park, Brooklyn. The industrial property located at 5200 1st Ave was involved in this deal. The tenant, Park Pro Systems, will be occupying the space. The landlord in this transaction is Jonathan Luhrs. The leasing was facilitated by broker Jacob Stavsky from VCPRE.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 09/03/2020
- Asking Rent: $10 per square foot
- Square Footage: 24,040
- Address: 5200 1st Ave, Sunset Park, Brooklyn
This lease deal was successfully brokered by Jacob Stavsky from VCPRE, representing the tenant Park Pro Systems. The property owner, Jonathan Luhrs, agreed to lease the industrial space at an asking rent of $10 per square foot. The transaction took place on 09/03/2020.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,377,958.29
Total Lease Value
$13,779,582.93
Net Landlord Cash Flow$1,377,958.29
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