Raymond Hourizadeh Leases Industrial Space To Talent Agency 78 At 625-633 Merrick Road
LEASED
$16
New York
See Similar DealsIndustrial18,000 SF
Leased
LEASED
Raymond Hourizadeh Leases Industrial Space To Talent Agency 78 At 625-633 Merrick Road
625 633 Merrick Road
See Similar DealsIndustrial18,000 SF
Leased
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$16
Total Square Footage:18000 SF
Transaction Type:Lease
The property involved in this transaction is an industrial asset located at 625-633 Merrick Road in Valley Stream. The lease transaction was set at an asking rent of $16 per square foot for a total space of 18,000 square feet. The lease type for this transaction is a Modified Gross Lease.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $16/ft
- Lease Type: Modified Gross Lease
- Address: 625-633 Merrick Road
- Market: Valley Stream
- Landlord: Raymond Hourizadeh
- Tenant: Talent Agency 78
- Brokers: Luca DiCiero & Faisal Gilani - NY Space Finders
This transaction features brokers Luca DiCiero and Faisal Gilani representing the interests of the landlord and tenant, showcasing their expertise in facilitating this industrial lease agreement. The involvement of these brokers highlights the critical role they play in executing commercial leases in the Valley Stream area.
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BROKERAGE
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$330,159.72
Total Lease Value
$3,301,597.24
Net Landlord Cash Flow$330,159.72
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