Retail Property on Westchester Avenue Leased for $60 per Square Foot

A retail property located at 1000 Westchester Avenue has been leased for 60 per square foot. The property is a 10,000 square foot retail asset type. The sale price for the property was 60 per square foot for a total of $600,000. The deal was brokered by Marc Sitt.

The property is located in a prime retail location with high visibility and foot traffic. The area is known for its diverse mix of retail and dining options, making it an attractive location for businesses looking to establish a presence in the area.

The buyer of the property has not been disclosed, but it is likely that they are a retail business looking to expand their operations in the area. The seller of the property is also unknown, but it is possible that they were looking to divest their assets in the area.

Marc Sitt, the broker for the deal, has a strong track record in the commercial real estate industry. He has brokered numerous deals in the area and is known for his expertise in retail properties.

Overall, the leased property on Westchester Avenue is a strong investment opportunity for the buyer. The prime location and high foot traffic make it an attractive location for retail businesses looking to establish a presence in the area. The $60 per square foot lease rate is also competitive for the area, making it a good value for the buyer.