Asset Commercial Realty Group has been exclusively retained to market 162-25 Liberty Avenue, Jamaica, NY.
The building spans a total of 4,650 SF on a 7,000 SF lot. The property was built in 2005. The strip center is located at the signaled intersection of Liberty Avenue and Merrick Boulevard. The center is blocks away from John Jay University and in close proximity to Jamaica Station. 100% of Tenants in Liberty Merrick Plaza are national franchised tenants. Each of the Franchisees is well established with multiple locations. All leases are NNN Leases with annualized increases. Twenty Five year ICIP tax abatement is in place for this property.
- AssetCRG represented both the buyer and the seller
- Sold For: $ 3,200,000
- Asset Type: Retail Property
- Square Footage: 4,650 SF
- CAP: 7.01%
- PPSF: $ 688.17