Jerry Pi Of Pi Capital Partners Leases Retail Space To Juice Smoothie In Elmhurst For $485/ft
LEASED
$485
New York
See Similar DealsRetail185 SF
Leased
LEASED
Jerry Pi Of Pi Capital Partners Leases Retail Space To Juice Smoothie In Elmhurst For $485/ft
86 55 Broadway
See Similar DealsRetail185 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$485
Total Square Footage:185 SF
Transaction Type:Lease
This retail property is located at 86-55 Broadway in Elmhurst. The asset encompasses a total of 185 square feet and is leased at an asking rent of $485 per square foot. The lease involves a modified gross lease structure and is set for a term of 10 years.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $485/ft
- Square Footage: 185
- Lease Term: 10 Years
- Lease Type: Modified Gross Lease
- Landlord: Jerry Pi - Pi Capital Partners
- Tenant: Juice Smoothie
The primary individuals involved in this transaction include Jerry Pi, who represents Pi Capital Partners as the landlord, and Juice Smoothie as the tenant occupying the retail space under the terms of the lease.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$102,859.66
Total Lease Value
$1,028,596.57
Net Landlord Cash Flow$102,859.66
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