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88 05 76th Avenue

Next Level Gaming Lounge Leases Flex Industrial Space In Glendale At 88-05 76th Avenue
LEASEDIndustrial

Next Level Gaming Lounge Leases Flex Industrial Space In Glendale At 88-05 76th Avenue

88 05 76th Avenue

$30

$30/SF

Building Size

3,800 SF

Asset Type

Industrial

Closing

Aug 31, 2025

AI

The property asset involved is a flex industrial space located at 88-05 76th Avenue in Glendale, featuring a total square footage of 3,800. The asking rent for this property is set at $35 per square foot, under a modified gross lease agreement.

Summary of transaction details:

  • Property Type: Flex Industrial
  • Transaction Amount: $35/ft
  • Lease Type: Modified Gross Lease
  • Landlord: Tom Battaglia & Jerry Atkins
  • Tenant: Next Level Gaming Lounge
  • Brokers: Jon Kamali, Justin Kamali & Jeremy Kamali - J3K Real Estate

Key individuals in this transaction include landlords Tom Battaglia and Jerry Atkins, who have leased the property to Next Level Gaming Lounge. The deal was facilitated by brokers Jon Kamali, Justin Kamali, and Jeremy Kamali from J3K Real Estate, who represented the involved parties throughout the negotiation process.

Players

Jon Kamali

J3K Real Estate

Broker

$139.3M

vol

31 deals

Broker
J3K Real Estate
J3K Real EstateBrokerage
Jerry Atkins

Jerry Atkins

Landlord

$28.6M

vol

8 deals

Landlord

Ridgewood Industrial Market Snapshot

Boundary boundary · Industrial · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

528766.67%

Cash-on-Cash

-151123.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93