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81 Wainscott Northwest Road

Andy Cruz Leases Office Space At 81 Wainscott Northwest Road, East Hampton
LEASEDOffice

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

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.

Players

Adis Kolenovic

Kole Group

Broker

$11.4M

vol

10 deals

Broker

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