Central Queens Academy Charter School Leases Mixed-Use Property At 8808 Justice Ave, Elmhurst, Queens
LEASED
New York
See Similar DealsMixed-use85,000 SF
Leased 01/05/2021
LEASED
Central Queens Academy Charter School Leases Mixed-Use Property At 8808 Justice Ave, Elmhurst, Queens
8808 Justice Ave, Elmhurst, Queens, NY, USA
See Similar DealsMixed-use85,000 SF
Leased 01/05/2021
Summary
NEW YORK
Asset Type:Mixed-use
Total Square Footage:85,000 SF
Transaction Type:Lease
This lease transaction involves a mixed-use property located at 8808 Justice Ave in Elmhurst, Queens. The tenant, Central Queens Academy Charter School, has leased the space from the landlord, Jiashu Xu. The tenant's representative in the deal is Stephen Powers, while the landlord's representative is Steve Zhu from Compass.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Date: 01/05/2021
- Address: 8808 Justice Ave, Elmhurst, Queens
- Market: Elmhurst, Queens
- Tenant: Central Queens Academy Charter School
- Landlord: Jiashu Xu
- Tenant's Representative: Stephen Powers
- Landlord's Representative: Steve Zhu @Compass
The asking rent for this lease transaction was $45 per square foot for a total space of 85,000 square feet.
Players
BROKERAGE
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,872,148.71
Total Lease Value
$48,721,487.07
Net Landlord Cash Flow$4,872,148.71
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