Hanger Clinic Joins Storage Deluxe At 81 Morgan Avenue With 10 Year Lease In Brooklyn
LEASED
$60
New York
See Similar DealsRetail1,767 SF
Leased 07/01/2024
LEASED
Hanger Clinic Joins Storage Deluxe At 81 Morgan Avenue With 10 Year Lease In Brooklyn
81 Morgan Avenue
See Similar DealsRetail1,767 SF
Leased 07/01/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$60
Total Square Footage:1,767 SF
Transaction Type:Lease
The property asset involved in this transaction is a retail space located at 81 Morgan Avenue in East Williamsburg, Brooklyn. The asking rent for the space is $60 per square foot, and it encompasses a total of 1,767 square feet. The lease agreement has a duration of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $60/ft.
- Lease Term: 10 years
- Landlord: Storage Deluxe
- Tenant: Hanger Clinic
- Brokers: Ryan Schimel & Andrew Schulman - Capricorn Retail Advisors
- Remaining Space: Approximately 14,000 SF available for additional tenants
Ryan Schimel and Andrew Schulman of Capricorn Retail Advisors were instrumental in facilitating this lease transaction. Their involvement highlights a growing interest in the retail sector within the Bushwick area, which is seeing new tenants like Hanger Clinic establishing a presence at Storage Deluxe's 81 Morgan Avenue location.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$121,540.05
Total Lease Value
$1,215,400.48
Net Landlord Cash Flow$121,540.05
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