Luckin Coffee Leases Retail Space At 2799 Broadway From Landlord Michael Sackett For 10 Years

The property asset involved in this lease transaction is a retail space located at 2799 Broadway in the Upper West Side market. The asking rent for this space is $250 per square foot, covering a total area of 1,000 square feet. The lease term spans 10 years and is categorized as a retail lease.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $250/ft
• Square Footage: 1,000 SF
• Address: 2799 Broadway
• Market: Upper West Side
• Landlord: Michael Sackett
• Tenant: Luckin Coffee
• Landlord's Representative: Ariel Schuster, Michael Paster & Evan Roteman - Newmark
• Tenant's Representative: Sunanne Zhu, Mathiew Wilson & Shiyun Shang - Alignment Realty
• Lease Term: 10 Years
• Lease Type: Retail Lease

This lease agreement involves notable representatives from both sides. Ariel Schuster, Michael Paster, and Evan Roteman from Newmark represent the landlord, Michael Sackett. On the tenant's side, Luckin Coffee is represented by Sunanne Zhu, Mathiew Wilson, and Shiyun Shang from Alignment Realty.