Caffe Italia Leases Retail Space At 445 Fifth Avenue In New York With Brokers Garrett Kelly - Meridian Capital Group And Ben Davis - Ripco
LEASED
$201
Ontario
See Similar DealsRetail1,100 SF
Leased 01/30/2023
LEASED
Caffe Italia Leases Retail Space At 445 Fifth Avenue In New York With Brokers Garrett Kelly - Meridian Capital Group And Ben Davis - Ripco
445 Fifth Avenue
See Similar DealsRetail1,100 SF
Leased 01/30/2023
Summary
Asset Type:Retail
Price Per Square Foot:$201
Total Square Footage:1,100 SF
Transaction Type:Lease
A 10-year lease has been signed for a retail space located at 445 Fifth Avenue in New York. The property, measuring 1,100 square feet, will be occupied by Caffe Italia. The lease was negotiated by Garrett Kelly from Meridian Capital Group and Ben Davis from Ripco. The asking rent for the space was $201 per square foot.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not applicable (lease)
- Address: 445 Fifth Avenue, New York
- Market: New York
- Tenant: Caffe Italia
- Brokers: Garrett Kelly - Meridian Capital Group & Ben Davis - Ripco
- Asking Rent: $201/ft
- Square Footage: 1,100
- Lease Term: 10-year term
Garrett Kelly from Meridian Capital Group and Ben Davis from Ripco represented their respective clients in the lease deal. Caffe Italia will now occupy the retail space located at 445 Fifth Avenue in New York.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$253,466.37
Total Lease Value
$2,534,663.72
Net Landlord Cash Flow$253,466.37
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