JLL has been retained on an exclusive basis to arrange for the sale of Unit #27, located at 420 Fifth Avenue, a 30-story commercial office condominium building situated on the west side of Fifth Avenue between West 37th and 38th Streets. Unit #27 occupies the 27th Floor and measures approximately 11,850 rentable square feet. The building features oversized windows and 360-degree views of the Midtown skyline, providing the space with excellent light and air.
Currently, the unit is leased to Fantaseyes, a privately held accessories company that designs and manufactures various accessories for well-known retailers worldwide. The company's current 11-year lease is set to expire in June 2030, with an additional five-year extension option. The refined space has been fully built out and renovated, featuring common space, showrooms/conference rooms, private offices, a reception area, and a kitchen.
This represents an incredible opportunity for a prospective buyer to acquire a fully built-out, full-floor office condo in one of the premier mixed-use office buildings along Fifth Avenue in Midtown. Future ownership will benefit immensely from having a strong, cash-flowing tenant in the near term with the flexibility long term to deliver the space vacant for a potential owner/user purchase.