MBLM Signs 7-Year Lease For Office Space At 22 W 27th St In Nomad With Landlord Singh Equities And Tenant's Rep Charles Shamash - Norman Bobrow
22 West 27th Street
$45
$45/SF
Building Size
6,000 SF
Asset Type
Office
Closing
Oct 1, 2022
AI
The recently closed lease transaction in Nomad involved an office space located at 22 W 27th Street. The property spans 6,000 square feet and was leased for a term of 7 years. The asking rent for the space was $45 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not applicable
- Address: 22 W 27th St
- Market: Nomad
- Landlord: Singh Equities - Tajinder Pal Singh Malik
- Tenant: MBLM
- Landlord's Representative: Matthew DeRose, William Janetschek & Luis Ramirez - Nomad Group
- Tenant's Representative: Charles Shamash - Norman Bobrow
The lease transaction was facilitated by Matthew DeRose, William Janetschek, and Luis Ramirez of Nomad Group, serving as the landlord's representatives, and Charles Shamash of Norman Bobrow, acting as the tenant's representative.
Players
Lorain 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
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93