Immortal Fitness Leases 14994 Square Feet Mixed-Use Space At 1 Zeiss Drive Thornwood
1 Zeiss Drive
Building Size
14,994 SF
Asset Type
Mixed-use
Closing
Mar 20, 2025
AI
The property involved in the transaction is a mixed-use asset located at 1 Zeiss Drive in the Thornwood market. The tenant occupying the space is Immortal Fitness, and the landlord of the property is Simone Development Cos. The total square footage of the leased space is 14,994.0 square feet.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Address: 1 Zeiss Drive
- Market: Thornwood
- Tenant: Immortal Fitness
- Landlord: Simone Development Cos
- Square Feet: 14,994.0
In this transaction, Simone Development Cos is the landlord, and Immortal Fitness is the tenant leasing the property. The date of the lease agreement is noted as March 20, 2025, highlighting the timeline of this transaction.
Players
Thornwood Mixed-use Market Snapshot
Boundary boundary · Mixed-use · 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