David Kaminski Leases Retail Space To Augmented Entertainment In Poughkeepsie For $20/ft

The asset involved in this transaction is a retail property located at 2 Neptune Road in the Poughkeepsie market, comprising a total square footage of 30,000. The lease type agreed upon is a Single Net Lease, with an asking rent quoted at $20 per square foot.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $20/ft
• Address: 2 Neptune Road
• Market: Poughkeepsie
• Landlord: David Kaminski
• Tenant: Augmented Entertainment
• Tenant's Representative: Stephen Ligambi - Meridian Capital Group
• Lease Type: Single Net Lease
• Square Footage: 30,000

This deal involves David Kaminski as the landlord and Augmented Entertainment as thetenant. The transaction was represented by Stephen Ligambi of Meridian Capital Group, who acted on behalf of the tenant. Unique to this deal is the consideration of a Single Net Lease structure, which specifies the tenant's responsibility for certain operating expenses.