Avis/Budget Rental Car Lease Retail Space In Massapequa Park - $67/ft. 1,800 SF
4750 Sunrise Hwy South Service Rd, Bohemia, NY, USA
Building Size
1,800 SF
Asset Type
Retail
Closing
Mar 3, 2021
About this deal
AI
4750 Sunrise Hwy. in Massapequa Park has been leased to Avis/Budget Rental Car. The property is a retail space with a size of 1,800 square feet. The landlord for this lease is Fred DeStefano. The asking rent for the space was $67 per square foot.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Leased
- Date: 03/04/2021
The broker involved in this transaction was Michael Gronenthal from Douglas Elliman.
Traded’s record for 4750 Sunrise Hwy South Service Rd, Bohemia, NY, USA in Bohemia, New York covers a retail lease from 2021. Published size for 4750 Sunrise Hwy South Service Rd, Bohemia, NY, USA is 1,800 square feet. Michael Gronenthal, Douglas Elliman appear on the lease alongside Douglas Elliman. This page is the Bohemia, New York file for the 4750 Sunrise Hwy South Service Rd, Bohemia, NY, USA retail leased: pricing, party profiles, and other closed retail comps from the same Bohemia sit in the Market section below. Filter that Bohemia retail set by closing date to see what else leased near 4750 Sunrise Hwy South Service Rd, Bohemia, NY, USA around 2021. Cite this Avis/Budget Rental Car Lease Retail Space In Massapequa Park - $67/ft. 1,800 SF lease when underwriting similar retail product around Bohemia, New York.
Bohemia Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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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