NASCAR Leases 14k SF Office At 590 Madison Ave In New York
LEASED
New York
See Similar DealsOffice14,000 SF
Leased
LEASED
NASCAR Leases 14k SF Office At 590 Madison Ave In New York
590 Madison Avenue, New York, NY, 1...
See Similar DealsOffice14,000 SF
Leased
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:14000 SF
Transaction Type:Lease
Located at 590 Madison Avenue in New York, NY, this office property spans 14,000 square feet. The tenant, NASCAR, signed a 10-year lease for the space. Representing NASCAR was Patrick Heeg from JLL, while the landlord, the State Teachers Retirement System of Ohio, was represented by Jeff Sussman from Minskoff Equities.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not Applicable
- Tenant: NASCAR
- Tenant's Rep: Patrick Heeg (JLL)
- Landlord: State Teachers Retirement System of Ohio
- Landlord's Rep: Jeff Sussman (Minskoff Equities)
- Address: 590 Madison Avenue, New York, NY
- Market: New York
- Square Feet: 14000
In this lease transaction, Patrick Heeg of JLL served as the representative for NASCAR, securing the 14,000 square feet office space at 590 Madison Avenue. On the other side, Jeff Sussman from Minskoff Equities acted as the representative for the State Teachers Retirement System of Ohio, the landlord in this deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$802,471.55
Total Lease Value
$8,024,715.52
Net Landlord Cash Flow$802,471.55
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