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NYC Education Portfolio
Asset ClassSpecial Purpose
overview of deal

Overview

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 Portolio represents the opportunity to acquire multiple government-backed leased assets with low landlord responsibility.

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NYC Education Portfolio

Bourough
Gross SF
Leased SF
Lease Exp.
Remaining Lease Term
1880 Watson Ave
Bronx
18,980
30,740
Mar-41
15.1
1997 Bathgate Ave
Bronx
22,264
22,460
Oct-43
17.6
1113 Colgate Ave
Bronx
27,720
27,770
Jun-41
15.3
1181 Nelson Ave
Bronx
21,454
36,751
Jul-43
16.9
123-10 143rd St
Queens
30,747
36,228
Jul-38
12.3
3261 3rd Ave
Bronx
22,216
28,422
Oct-42
16.6
3261 Third AveBronx, NY 10456

Sales Team

Ben TapperExecutive Managing Director(646) 723-4011btapper@lee-associates.com
Dave CarswellSenior Managing Director(212) 776-1209dcarswell@lee-associates.com
Ryan FitzpatrickSenior Associates(212) 776-1217rfitzpatrick@lee-associates.com
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