Taj Inc Leases Retail Space At 109-07 101st Avenue South Richmond Hill For 15 Years

The property involved in this lease transaction is a retail asset located at 109-07 101st Avenue in the South Richmond Hill market. The asset encompasses a total of 10,822 square feet with an asking rent of $45 per square foot. The lease term is set for 15 years and is structured as a NNN (Triple Net) lease.

Summary of transation details:

• Property Type: Retail
• Transaction Amount: $45/ft
• Lease Term: 15 Years
• Lease Type: NNN Lease
• Landlord: Michael Kahan
• Tenant: Taj Inc
• Landlord's Representative: Nicholas Mauriello - Douglas Elliman
• Tenant's Representative: Chris Mauriello - Douglas Elliman

This transaction features key participants including landlord Michael Kahan and tenant Taj Inc, both represented by Douglas Elliman brokers. Nicholas Mauriello represents the landlord while Chris Mauriello represents the tenant in this lease agreement.