Tru Medical Signs 10-Year Lease For Retail Space At 774 Broadway In Bushwick, Brooklyn
LEASED
New York
See Similar DealsMixed-use5,500 SF
Leased 08/13/2020
LEASED
Tru Medical Signs 10-Year Lease For Retail Space At 774 Broadway In Bushwick, Brooklyn
774 Broadway, Brooklyn, NY 11206, USA
See Similar DealsMixed-use5,500 SF
Leased 08/13/2020
Summary
NEW YORK
Asset Type:Mixed-use
Total Square Footage:5,500 SF
Transaction Type:Lease
The retail property located at 774 Broadway in Bushwick, Brooklyn has been leased. The lease was signed on 08/13/2020 for a term of 10 years. The tenant, Tru Medical, will occupy a space of 5,500 square feet. The asking rent for the property was $45 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: N/A
- Address: 774 Broadway
- Market: Bushwick, Brooklyn
- Asking Rent: $45 per square foot
- Lease Term: 10 years
- Tenant: Tru Medical
- Landlord: Albert Srour
- Brokers: Dov Bleich, Avi Akiva - Tristate Commercial
Tri State Commercial represented both the tenant and the landlord, Albert Srour, in this transaction. Other tenants, such as Starbucks and Chipotle, are also present in the building where the medical group has leased the space.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$315,256.68
Total Lease Value
$3,152,566.81
Net Landlord Cash Flow$315,256.68
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