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111 5th Avenue

Vita Coco Leases 22,530 Square Feet Office Space At 111 5th Avenue From The Winter Organization
LEASEDOffice

Vita Coco Leases 22,530 Square Feet Office Space At 111 5th Avenue From The Winter Organization

111 5th Avenue

Building Size

22,530 SF

Asset Type

Office

Closing

Sep 10, 2024

AI

The property asset involved is located at 111 5th Avenue in the Flatiron District, comprising an office space with a total square footage of 22,530. The landlord of the property is The Winter Organization.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 111 5th Avenue
  • Market: Flatiron District
  • Landlord: The Winter Organization
  • Tenant: Vita Coco
  • Brokers: Jason Frazier & Jesse de la Rama - CBRE

Vita Coco has signed a lease to relocate its headquarters from 250 Park Ave. South to this new location at 111 5th Avenue. The transaction was handled by brokers Jason Frazier and Jesse de la Rama from CBRE.

Players

Jason Frazier

CBRE

Broker

7 deals

Broker

New York Office Market Snapshot

Boundary boundary · Office · 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