Michael Shah Of Delshah Capital Leases 10,600 SF Retail Space To Sandbox VR In Times Square

The transaction involves a retail asset located at 761 7th Avenue & 777 7th Avenue in the Times Square area. The total square footage of the property is 10,600, and Sandbox VR has signed a lease for a duration of 10 years. The asking rent for this property is approximately $750,000 annually.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $750,000 annually
• Lease Duration: 10 years
• Asset Size: 10,600 square feet
• Address: 761 7th Avenue & 777 7th Avenue
• Market: Times Square
• Landlord: Michael Shah - Delshah Capital
• Tenant: Sandbox VR

Michael Shah represents Delshah Capital in this lease agreement, while Sandbox VR occupies the leased space in the newly secured property within a notable retail market.