Listed by Lee & Associates - New York
Unpriced
NYC Education Portfolio
Details
Property Type Special Purpose
Sub Type School, Community Facility
Square Footage 143,381
Net Rentable (SqFt) 182,371
Occupancy 100%
Tenancy Multi
Lease Term 15.6
Rent Bumps Yes
Buildings 6
Government-Backed Leased Assets
Marketing description
Lee & Associates is pleased to present exclusively for sale the portfolio of government leased properties located in New York City (the “Portfolio”). Consisting of 6 assets located in the Bronx (5) and Queens (1), the Portfolio consists of educational, daycare, and community facility buildings leased to New York City agencies. Each of the assets feature strong in-place cashflow and lease terms in excess of 15 years on average. The Portfolio represents the opportunity to acquire multiple government-backed leased assets with low landlord responsibility.
Bronx and Queens
Investment highlights
- 6 Total Buildings
- 182,371 Leased SF
- 15.6 WALT
- Government-backed Tenancy
- 10% Rent Bumps Every 5 Years
Listing Contacts
Listed by Lee & Associates - New York
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