Olgam Life Signs 15-Year Lease For Retail Space In Corona
LEASED
$40
New York
See Similar DealsRetail10,000 SF
Leased 12/21/2022
LEASED
Olgam Life Signs 15-Year Lease For Retail Space In Corona
57-16 99th Street
See Similar DealsRetail10,000 SF
Leased 12/21/2022
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$40
Total Square Footage:10,000 SF
Transaction Type:Lease
A retail space located at 57-16 99th Street in Corona has been leased. The property, with a size of 10,000 square feet, was leased by Olgam Life. The lease term is 15 years, and the asking rent was set at $40 per square foot. The landlord of the property is Lefrak Family.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not provided
- Address: 57-16 99th Street
- Market: Corona
- Lease Term: 15 years
- Tenant: Olgam Life
- Asking Rent: $40 per square foot
Mitzi Flexer from Cushman & Wakefield and Ryan Feldman from Alliance Retail Development represented the landlord, Lefrak Family, in the deal. On the tenant's side, Josh Augenbaum from Augenbaum Realty Corp acted as the representative for Olgam Life.
Players
TENANT
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$458,555.17
Total Lease Value
$4,585,551.72
Net Landlord Cash Flow$458,555.17
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