Savanna Leases 25000 Square Feet To MediaCo Holding At 48 W 25th St New York
LEASED
New York
See Similar DealsOffice25,000 SF
Leased 01/19/2023
LEASED
Savanna Leases 25000 Square Feet To MediaCo Holding At 48 W 25th St New York
48 W 25th St, New York, NY, 10010
See Similar DealsOffice25,000 SF
Leased 01/19/2023
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:25,000 SF
Transaction Type:Lease
The property involved in this lease transaction is located at 48 W 25th St, New York, NY, 10010, and has a total area of 25,000 square feet. It is situated in the New York market. The landlord for this transaction is Savanna, while MediaCo Holding is the tenant occupying the space.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 48 W 25th St, New York, NY, 10010
- Market: New York
- Landlord's Representative: Bruce Mosler - Cushman & Wakefield
- Tenant: MediaCo Holding
- Landlord: Savanna
- Square Feet: 25,000
This transaction involved key individuals and representatives, with Bruce Mosler representing the landlord, Savanna, in the negotiations for the lease. MediaCo Holding took on the lease obligations as the tenant in this deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$1,432,984.91
Total Lease Value
$14,329,849.14
Net Landlord Cash Flow$1,432,984.91
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