Cannadreams Inc Leases Retail Space At 862 9th Avenue In Hell's Kitchen With Abe Smouha's Representation
LEASED
$200
New York
See Similar DealsRetail1,600 SF
Leased 07/03/2024
LEASED
Cannadreams Inc Leases Retail Space At 862 9th Avenue In Hell's Kitchen With Abe Smouha's Representation
862 9th Avenue
See Similar DealsRetail1,600 SF
Leased 07/03/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$200
Total Square Footage:1,600 SF
Transaction Type:Lease
The retail property located at 862 9th Avenue in the Hell's Kitchen market of Manhattan has a lease in place with Cannadreams Inc. The asking rent for this asset is $101 per square foot for a total area of 3,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $101/ft
- Address: 862 9th Avenue
- Market: Hell's Kitchen, Manhattan
- Landlord: 862 9th Ave Associates
- Landlord's Representative: Edward Tempesta
- Tenant: Cannadreams Inc
- Tenant's Representative: Abe Smouha - RJB Real Estate
- Lease Type: Retail Lease
- Square Footage: 3,000
The landlord, represented by Edward Tempesta, successfully secured Cannadreams Inc as a tenant in the lease transaction. Abe Smouha of RJB Real Estaterepresented Cannadreams Inc, facilitating their entry into the Hell's Kitchen area. RJBRE also noted their enthusiasm in bringing Cannadreams to this location.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$366,844.14
Total Lease Value
$3,668,441.38
Net Landlord Cash Flow$366,844.14
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