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
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