Bora Bora Smoothie Cafe Leases Retail Space At 1507 Kings Highway In Brooklyn For 10&5 Years

The asset involved in this transaction is a retail property located at 1507 Kings Highway in Brooklyn, featuring a total square footage of 3,117. The property commands an asking rent of $100 per square foot. The lease agreement is structured as a modified gross lease with a term of 10 years plus an option for an additional 5 years.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $100/ft
• Lease Term: 10+5 Years
• Lease Type: Modified Gross Lease
• Tenant: Bora Bora Smoothie Cafe
• Brokers: Richard Zagranichny & Jack Chera - Ripco

Richard Zagranichny and Jack Chera from Ripco represent the parties in this leasing transaction, facilitating the agreement between the landlord and Bora Bora Smoothie Cafe as the tenant. This representation ensures that both sides are adequately supported throughout the lease process.