facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Office

/

Lease

/

1200 Shames Dr, Westbury, N...

Simone Development Leases 10000 Square Feet To Complete Packaging At 1200 Shames Dr Westbury
LEASEDOffice

Simone Development Leases 10000 Square Feet To Complete Packaging At 1200 Shames Dr Westbury

1200 Shames Dr, Westbury, NY, 11590

Building Size

10,000 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The property asset involved in this transaction is located at 1200 Shames Dr, Westbury, NY, 11590. This leased space encompasses 10,000 square feet, situated in the Westbury market.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 1200 Shames Dr, Westbury, NY, 11590
  • Market: Westbury
  • Landlord: Simone Development
  • Landlord's Representative: Joanna Simone - Simone Development Companies
  • Tenant: Complete Packaging
  • Square Feet: 10,000

Joanna Simone represents Simone Development in this lease transaction with Complete Packaging as the tenant, facilitating the agreement for the specified property space. The landlord and the tenant are engaged in fulfilling their respective obligations under this lease agreement.

Players

Joanna Simone

Simone Development Companies

Broker

3 deals

Broker
DL
Diversified Realty LIBrokerage
SD
Simone DevelopmentLandlord

Westbury Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

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