Updated Oct 28, 2024
Dim Sum Garden Leases Retail Space In Sutton Place
1068 Second Avenue
Building Size
—
Asset Type
—
Closing
Sep 15, 2022
About this deal
AI
The retail property located at 1068 Second Avenue in Sutton Place has been leased. The tenant, Dim Sum Garden, will occupy the space. The total square footage of the property is 1,600. The deal was facilitated by James Famularo from Meridian Retail Leasing, who represented the tenant, and Ben Biberaj, also from Meridian Retail Leasing, who represented the landlord.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: Dim Sum Garden
- Tenant's Representative: James Famularo - Meridian Retail Leasing
- Landlord's Representative: Ben Biberaj - Meridian Retail Leasing
- Asking Rent: $120/ft.
Note: No additional information is available regarding the transaction.
Players
Squamish CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93