Pinnacle Realty Of New York Leases 90,483 SF Industrial Space To Tenant In East Elmhurst

The property asset involved in this transaction is located at 90-01 23rd Avenue in East Elmhurst, featuring an industrial asset type. The asking rent for this site is $22 per square foot, covering a total area of 90,483 square feet. The lease term established is for 10 years, under a triple net lease agreement.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $22/ft
• Square Footage: 90,483 SF
• Address: 90-01 23rd Avenue
• Market: East Elmhurst
• Lease Term: 10 years
• Lease Type: Triple Net
• Brokers: David Junik, Decio Baio & Fredric Stein - Pinnacle Realty of New York

Pinnacle Realty of New York has successfully leased this institutional-grade IOS parking site to serve LaGuardia Airport. This site has attracted significant interest, marking further expansion for the tenant, who operates in multiple other states.