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Guitar Center Signs 15-Year Lease At 540 Fulton Mall, Downtown Brooklyn
LEASED
$200
+ 1
New York
See Similar DealsRetail19,289 SF
Leased 03/27/2024
LEASED
Guitar Center Signs 15-Year Lease At 540 Fulton Mall, Downtown Brooklyn
540 Fulton Mall
See Similar DealsRetail19,289 SF
Leased 03/27/2024
+ 1
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$200
Total Square Footage:19,289 SF
Transaction Type:Lease
The retail property located at 540 Fulton Mall in Downtown Brooklyn has been leased by Guitar Center, signing a 15-year lease for 19,289 square feet at an asking rent of $200 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 540 Fulton Mall
- Market: Downtown Brooklyn
- Asset Type: Retail
The landlord of the property, Jenel Real Estate, was represented by Abraham Dayan, Benjamin Weiner, and Hymie Dweck from Ripco. On the other hand, Guitar Center was represented by Bruce Shepard from TSCG in this significant 15-year lease deal.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$4,422,535.36
Total Lease Value
$44,225,353.61
Net Landlord Cash Flow$4,422,535.36
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