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FLY E-BIKE Signs Five-Year Lease At 58-30 Grand Avenue In Maspeth
LEASED
New York
See Similar DealsIndustrial52,000 SF
Leased 02/28/2024
LEASED
FLY E-BIKE Signs Five-Year Lease At 58-30 Grand Avenue In Maspeth
58-30 Grand Avenue
See Similar DealsIndustrial52,000 SF
Leased 02/28/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$0
Total Square Footage:52,000 SF
Transaction Type:Lease
Located at 58-30 Grand Avenue in Maspeth, Queens, the Pearl Building is an industrial property spanning 52,000 square feet. The property underwent a multimillion-dollar renovation, attracting FLY E-BIKE as the new tenant under a five-year lease agreement.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Landlord: David Allen - Davis Companies
- Tenant: FLY E-BIKE
- Lease Term: Five-year lease
David Allen, representing Davis Companies, serves as the landlord of the Pearl Building, while FLY E-BIKE secured the lease for the industrial property in Queens, NY. The agreement spans five years, marking a new chapter for the revitalized space.
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$2,980,608.62
Total Lease Value
$29,806,086.21
Net Landlord Cash Flow$2,980,608.62
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