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
About this deal
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.
On the Map
Office
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Players
Westbury 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