CJSA Realty, LLC Leases 40,000 SF To New York Road Runners At 535 Zerega Ave Bronx

This transaction involves a newly built, 40,000-square-foot single-story warehouse located at 535 Zerega Ave, Bronx, NY, 10473. The rental price is set at $16.50 per square foot, resulting in an approximate annual rent of $660,000. This property falls within the Zerega Industrial Park, situated between Lacombe and Randall Avenues in Castle Hill, Bronx. The warehouse features ceilings over 21 feet high and five overhead doors, while the tenant is responsible for electricity, taxes, and insurance costs.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: $660,000
• Address: 535 Zerega Ave, Bronx, NY, 10473
• Market: Bronx
• Landlord: CJSA Realty, LLC
• Tenant: New York Road Runners
• Landlord's Rep: James "Jim" MacDonald
• Rent/SF: $16.50
• Square Feet: 40,000

The deal features New York Road Runners, an organization founded in 1958, widely recognized for sponsoring the New York City Marathon and over 65 other annual events. They are consolidating their warehouses across the city through this 10-year triple-net lease agreement. This consolidation supports their operational efficiency while accommodating their logistics needs.