facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Retail

/

Lease

/

250 West 34th Street

Pollo Campero Leases Retail Space At 250 West 34th Street In Manhattan
LEASEDRetail

Pollo Campero Leases Retail Space At 250 West 34th Street In Manhattan

250 West 34th Street

$425

$425/SF

Building Size

3,541 SF

Asset Type

Retail

Closing

Dec 22, 2023

AI

The retail property located at 250 West 34th Street in Manhattan, specifically One Penn Plaza, has been leased by Pollo Campero. The landlord in this transaction is Vornado, while the tenant's representatives are Brett Weinblatt and Ralph Hanan from Compass. The lease term for the property is for 10 years.

Summary of transaction details

  • Property Type: Retail
  • Address: 250 West 34th Street - One Penn Plaza
  • Market: Manhattan
  • Tenant: Pollo Campero
  • Landlord: Vornado
  • Tenant's Rep: Brett Weinblatt & Ralph Hanan - Compass
  • Asking Rent: $425/ft
  • Square Footage: 3,541 SF
  • Lease Term: 10 years

Brett Weinblatt and Ralph Hanan from Compass have successfully represented Pollo Campero in this lease transaction. They played a key role in securing the retail property at 250 West 34th Street, ensuring favorable lease terms for their client.

Players

Ralph Hanan

Compass

Broker

$11.8M

vol

10 deals

Broker
Vornado Realty Trust
Vornado Realty TrustBrokerage
Vornado Realty Trust
Vornado Realty TrustLandlord

Pittsburgh Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

37324.71%

Cash-on-Cash

-10667.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93