CJ CGV Signs Lease For 34000 Square Feet At 13331 39th Ave Flushing With SCG America
13331 39th Ave, Queens, NY, 11354
Building Size
34,000 SF
Asset Type
Retail
Closing
Oct 13, 2017
About this deal
AI
The leased property is located at 13331 39th Ave, Queens, NY, 11354, within the Flushing market. The property encompasses a total of 34,000 square feet. SCG America is the landlord of this property, while CJ CGV is the tenant involved in the lease agreement.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 13331 39th Ave, Queens, NY, 11354
- Market: Flushing
- Landlord: SCG America
- Tenant: CJ CGV
- Landlord's Rep: Geoffrey Bailey-Ripco Real Estate
- Square Feet: 34,000
The transaction features key representatives in the form of Geoffrey Bailey, who represents SCG America via Ripco Real Estate. Their involvement reflects the professional support provided during this leasing process, facilitating the agreement between the landlord and tenant.
On the Map
Retail
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93