Barings Leases Retail Space To J.Press At 340 Madison Avenue For 10 Years
LEASED
$300
New York
See Similar DealsRetail1,657 SF
Leased
LEASED
Barings Leases Retail Space To J.Press At 340 Madison Avenue For 10 Years
340 Madison Avenue
See Similar DealsRetail1,657 SF
Leased
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$300
Total Square Footage:1657 SF
Transaction Type:Lease
The property involved in this lease transaction is a retail asset located at 340 Madison Avenue in Manhattan. The lease spans a total area of 1,657 square feet, with an asking rent set at $300 per foot. The lease term is structured for a duration of 10 years, classified as a Single Net Lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $300/ft
- Lease Term: 10 Years
- Lease Type: Single Net Lease
- Landlord: Barings
- Tenant: J.Press
- Landlord's Representative: Matt Ogle & Amanda Sujak - JLL
- Tenant's Representative: Nicholas Hein - Nomad Group
Key individuals involved in this transaction include Matt Ogle and Amanda Sujak representing the landlord Barings, while Nicholas Hein acts on behalf of the tenant J.Press through Nomad Group. Their expertise and roles are critical in facilitating this lease agreement.
Players
LANDLORD
Details
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$569,869.44
Total Lease Value
$5,698,694.41
Net Landlord Cash Flow$569,869.44
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