Updated Oct 29, 2024
Panera Bread Leases Industrial Space At 959 8th Ave, New York By Hearst Corporation
959 8th Ave, New York, NY, 10019
Building Size
2,510 SF
Asset Type
Industrial
Closing
May 18, 2022
About this deal
AI
The industrial property located at 959 8th Ave, New York, NY, 10019, boasts 2510 square feet of space. The lease was finalized on May 18, 2022, with Panera Bread securing the tenancy. The landlord, Hearst Corporation, was represented in the transaction by Lou Nowikas.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not Applicable
- Market: New York
- Tenant: Panera Bread
- Landlord: Hearst Corporation
- Square Feet: 2510
- Landlord's Rep: Lou Novikas
The deal involved the Hearst Corporation as the landlord and Panera Bread as the tenant for the industrial property. Lou Nowikas acted as the landlord's representative in finalizing the lease agreement.
On the Map
Industrial
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Players
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Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93