LKQ Hunts Point Auto Parts Leases 73000 SF From Simone Development Companies In Bronx At $17/SF
1390 Spofford Ave, Bronx, NY, 10474
$17
$17/SF
Building Size
73,000 SF
Asset Type
Warehouse
Closing
Apr 4, 2017
About this deal
AI
The property asset involved in this transaction is located at 1390 Spofford Ave, Bronx, NY, 10474, within the Bronx market. The property comprises a total area of 73,000 square feet with a rent rate of $17 per square foot.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1390 Spofford Ave, Bronx, NY, 10474
- Market: Bronx
- Landlord: Simone Development Companies
- Landlord's Representative: Joanna Simone - Simone Development Companies
- Tenant: LKQ Hunts Point Auto Parts
- Square Feet: 73,000
- Rent/SF: 17
This lease transaction involved key parties including the landlord, Simone Development Companies, represented by Joanna Simone. The tenant in this transaction is LKQ Hunts Point Auto Parts, marking a significant deal within the market as represented by the listed individuals and companies.
On the Map
$17
$17/SF
Warehouse
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Players
Bronx Warehouse Market Snapshot
Boundary boundary · Warehouse · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
933117.65%
Cash-on-Cash
-266687.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93