Andy Cruz Leases Office Space At 81 Wainscott Northwest Road, East Hampton
81 Wainscott Northwest Road
$48
$48/SF
Building Size
1,000 SF
Asset Type
Office
Closing
Nov 2, 2023
About this deal
AI
The office property located at 81 Wainscott Northwest Road in East Hampton has been leased. The asset, with a size of 1,000 square feet, was leased to tenant Andy Cruz. The landlord in this transaction is Alex Elezaj. The lease is classified as a single net lease, with an asking rent of $48 per square foot.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Leased
- Address: 81 Wainscott Northwest Road, East Hampton
- Size: 1,000 square feet
- Landlord: Alex Elezaj
- Tenant: Andy Cruz
- Lease Type: Single Net Lease
Adis Kolenovic from the Kole Group served as the broker in this lease transaction.
Note from broker: For Real Estate inquiries, contact @KoleGroup. For Financing inquiries, contact @BlackMountainCapital. For Construction inquiries, contact @CruzBrothersConstruction.
On the Map
$48
$48/SF
Office
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Players
Wainscott 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
330479.17%
Cash-on-Cash
-94451.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93