Patient Square Capital Leases Office Space At 767 5th Avenue In Manhattan For $220/ft
LEASED
$220
New York
See Similar DealsOffice21,000 SF
Leased 10/15/2024
LEASED
Patient Square Capital Leases Office Space At 767 5th Avenue In Manhattan For $220/ft
767 5th Avenue
See Similar DealsOffice21,000 SF
Leased 10/15/2024
Summary
NEW YORK
Asset Type:Office
Price Per Square Foot:$220
Total Square Footage:21,000 SF
Transaction Type:Lease
The property leased is located at 767 5th Avenue, Manhattan. It is an office asset with a total area of 21,000 square feet. The asking rent for this property was set at $220 per square foot, and the lease type is classified as Other.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $220/ft
- Square Footage: 21,000
- Address: 767 5th Avenue
- Market: Manhattan
- Landlord: Boston Properties
- Tenant: Patient Square Capital
- Landlord's Representative: Peter Turchin - CBRE
- Tenant's Representatives: Brett Harvey & Steven Rotter - Newmark
This transaction involved reputable firms with Peter Turchin representing the landlord, Boston Properties, through CBRE. The tenant, Patient Square Capital, was represented by Brett Harvey and Steven Rotter from Newmark, who facilitated the lease agreement.
Players
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Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$5,296,312.24
Total Lease Value
$52,963,122.42
Net Landlord Cash Flow$5,296,312.24
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