Mission Food Inc Signs Double Net Lease For 44,220 SF Warehouse In Long Island City
34-52 Laurel Hill Boulevard
Building Size
44,220 SF
Asset Type
Warehouse
Closing
Jun 29, 2026
About this deal
AI
The property involved is a warehouse and land asset located at 34-52 Laurel Hill Boulevard in Long Island City. The total square footage of the asset is 44,220. The lease pertains to a double net lease agreement. The landlord for this transaction is Realterm.
Summary of transation details:
- Property Type: Warehouse & Land
- Transaction Amount: Not specified
- Address: 34-52 Laurel Hill Boulevard
- Market: Long Island City
- Landlord: Realterm
- Tenant: Mission Food Inc
- Landlord's Representative: David Junik & Decio Baio - Pinnacle Realty of New York
- Lease Type: Double Net Lease
Key individuals involved in this deal include tenant Mission Food Inc and the landlord Realterm. The landlord's representatives are David Junik and Decio Baio from Pinnacle Realty of New York, facilitating the lease agreement for the property.
Players
Maspeth 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93