Expedia Leases 9000 SF Office Space On 5th Ave, New York To Empire State Realty Trust
LEASED
New York
See Similar DealsOffice9,000 SF
Leased 01/20/2016
LEASED
Expedia Leases 9000 SF Office Space On 5th Ave, New York To Empire State Realty Trust
350 5th Ave, New York, NY, 10118
See Similar DealsOffice9,000 SF
Leased 01/20/2016
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:9,000 SF
Transaction Type:Lease
The property involved in this transaction is an office asset located at 350 5th Ave, New York, NY, 10118. The leased space encompasses 9,000 square feet and is situated in the New York market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 350 5th Ave, New York, NY, 10118
- Square Feet: 9,000
- Tenant: Expedia
- Landlord: Empire State Realty Trust
- Tenant's Representative: Robert Hill-Newmark
- Lease Date: 01/20/2016
This transaction involves key individuals and companies, with Robert Hill representing the tenant, Expedia, in the lease agreement with the landlord, Empire State Realty Trust. The transaction closes within the recognized New York market, reflecting the dynamics of office leasing in the area.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$515,874.57
Total Lease Value
$5,158,745.69
Net Landlord Cash Flow$515,874.57
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