Tesla Leases Retail Space At 92 9th Street In Brooklyn With Landlord Joseph Hamway
LEASED
$45
New York
See Similar DealsIndustrial80,000 SF
Leased 07/01/2024
LEASED
Tesla Leases Retail Space At 92 9th Street In Brooklyn With Landlord Joseph Hamway
92 9th Street
See Similar DealsIndustrial80,000 SF
Leased 07/01/2024
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$45
Total Square Footage:80,000 SF
Transaction Type:Lease
This retail asset located at 92 9th Street in Brooklyn has a total area of 80,000 square feet and is under a modified gross lease agreement. The asking rent for this property is set at $45 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000
- Landlord: Joseph Hamway
- Tenant: Tesla
- Asking Rent: $45/ft
- Lease Type: Modified Gross Lease
- Market: Brooklyn
- Brokers: Brett Weinblatt & Ralph Hanan - Compass
The deal involves notable individuals including landlord Joseph Hamway and tenant Tesla, represented by brokers Brett Weinblatt and Ralph Hanan from Compass. This transaction highlights a key interaction between a well-known tenant and its strategic location in Brooklyn.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,126,996.55
Total Lease Value
$41,269,965.52
Net Landlord Cash Flow$4,126,996.55
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