Ben Imani Leases Industrial Space To Metro World Child Foundation Inc At 74-80 Georgia Avenue

The lease involves an industrial property located at 74-80 Georgia Avenue in Brooklyn. It encompasses approximately 14,250 square feet, which includes 6,750 square feet of industrial warehouse/mezzanine space and 7,500 square feet of yard space. The asking rent is set at $12.63 per square foot, resulting in a monthly rent of $15,000. The lease term is established for 10 years under a modified gross lease. The deal reflects a breakdown of approximately $17.78 per square foot for the building and $8.00 per square foot for the yard space.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $15,000 monthly rent
• Lease Term: 10 Years
• Landlord: Ben Imani
• Tenant: Metro World Child Foundation Inc
• Brokers: Jacques Wadler & Vincent Lopez - Knickerbocker Realty Group
• Address: 74-80 Georgia Avenue, Brooklyn
• Asking Rent: $12.63/ft
• Total SF: 14,250
• Breakdown: Approx. $17.78 PSF for the building; $8.00 PSF for the yard space

This transaction was successfully facilitated by the brokers Jacques Wadler and Vincent Lopez, who represent both the landlord and the tenant. Their involvement showcases their expertise in handling commercial real estate transactions.