4225 White Plains Rd - Storefront FOR SALE


Bronx, NY 10466- Wakefield | 
$10,500,000 USD
212-837-4529
4225 White Plains Rd, Bronx, NY for Sale
$10,500,000 USD
Storefront - FOR SALE
1/5
null | 6.26% Cap Rate

4225 White Plains Rd
Bronx, NY 10466
Wakefield


OVERVIEW

Kassin Sabbagh Realty is pleased to present the exclusive opportunity to acquire the fee simple interest in the two-tenant building located at 4225 White Plains Road in the Bronx, New York. The two-tenant building, fully leased to Planet Fitness and MPJ Barbershop, totals 8,850 square feet. Planet Fitness signed a rare 15-year lease, demonstrating its commitment to the site and the market. Planet Fitness has 14+ years remaining on its lease with three (3), 5-year renewal options. MPJ Barbershop has 8+ years remaining on its lease. Both tenants have modified net leases that provide attractive rent increases throughout the primary lease terms and renewal options.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$1,186 USD /SF

CAP RATE

6.26%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

R6

APN/PARCEL ID

04995-0001

ASK ABOUT THIS PROPERTY

Ohad BaboKassin Sabbagh Realty (KSR)More Info
212-837-4529

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Ohad BaboKassin Sabbagh Realty (KSR)More Info
212-837-4529

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.