She checked with Google AI which says the following---Again please note this is an AI response---and is passing it along for those with similar issues and resources to check further:
Yes, we know the exact lease term. The property located at 1 Half Moon Bay Drive in Croton-on-Hudson, NY (originally known as the Max Finkelstein tire property) is 100% leased through January 2032.
Property & Lease Breakdown
Detail Information--Property Address 1 Half Moon Bay Drive, Croton-on-Hudson, NY 10520
Tenant U.S. Venture, a major national distributor that acquired the regional wholesaler Max Finkelstein Inc.--Lease Expiration January 2032
Recent Refinancing $19.5 million loan finalized through Webster Bank (arranged by JLL Capital Markets)---Facility Specs 118,911 sq. ft. industrial warehouse purpose-built for tire distribution, featuring 29-foot clear heights and 10 dock doors.
Behind the Deal--Monday Properties originally acquired the property with plans to potentially convert the warehouse into a multi-family residential complex. However, because U.S. Venture holds a firm lease providing durable cash flow for the next several years, the owners chose to leverage this stability to secure the $19.5 million debt refinancing. Monday Properties and KPR Centers Refinance Westchester Distribution Center | citybiz
Yes, we know the exact lease term. The property located at 1 Half Moon Bay Drive in Croton-on-Hudson, NY (originally known as the Max Finkelstein tire property) is 100% leased through January 2032.
Property & Lease Breakdown
Detail Information--Property Address 1 Half Moon Bay Drive, Croton-on-Hudson, NY 10520
Landlord / Owners Joint venture between Monday Properties, KPR Centers, and Nexjen Real Estate
Tenant U.S. Venture, a major national distributor that acquired the regional wholesaler Max Finkelstein Inc.--Lease Expiration January 2032
Recent Refinancing $19.5 million loan finalized through Webster Bank (arranged by JLL Capital Markets)---Facility Specs 118,911 sq. ft. industrial warehouse purpose-built for tire distribution, featuring 29-foot clear heights and 10 dock doors.
Behind the Deal--Monday Properties originally acquired the property with plans to potentially convert the warehouse into a multi-family residential complex. However, because U.S. Venture holds a firm lease providing durable cash flow for the next several years, the owners chose to leverage this stability to secure the $19.5 million debt refinancing. Monday Properties and KPR Centers Refinance Westchester Distribution Center | citybiz
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