Adobe Systems Leases 16244 Square Feet At 100 5th Ave New York From Clarion Partners
100 5th Ave, New York, NY, 10011
Building Size
16,244 SF
Asset Type
Office
Closing
Jul 26, 2018
About this deal
AI
The property involved in this transaction is located at 100 5th Ave, New York, NY, 10011. It has a total square footage of 16,244 and is situated in the New York market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Tenant: Adobe Systems
- Landlord: Clarion Partners
- Tenant's Representative: Brian Given - Colliers International
Brian Given from Colliers International represented the tenant, Adobe Systems, in this lease transaction. Clarion Partners acts as the landlord in this deal, which highlights the collaboration between prominent firms in the real estate sector in a key market location.
On the Map
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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