Rock Spot Climbing Leases Retail Space At 44 Olive Street In New Haven, CT
44 Olive Street,New Haven, CT
$45
$45/SF
Building Size
5,935 SF
Asset Type
Retail
Closing
Apr 20, 2023
AI
The retail property located at 44 Olive Street in New Haven, CT has been leased. The transaction was facilitated by Brendan Thrapp and Nate Mallon from Verada Retail. The landlord, Adam America, successfully leased the property to Rock Spot Climbing. The lease agreement for the retail space was signed on 04/20/2023. The property spans approximately 5,935 square feet and was listed with an asking rent of $45 per square foot.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Lease
- Address: 44 Olive Street, New Haven, CT
- Market: New Haven, CT
- Landlord: Adam America
- Tenant: Rock Spot Climbing
- Brokers: Brendan Thrapp & Nate Mallon - Verada Retail
- Asking Rent: $45/ft
- Square Footage: 5,935
In this lease transaction, Brendan Thrapp and Nate Mallon from Verada Retail represented the landlord, Adam America. The deal brought together Rock Spot Climbing as the new tenant for the retail space on Olive Street in New Haven, CT. The signing of the lease agreement marks a successful collaboration between the involved parties.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
352511.11%
Cash-on-Cash
-100748.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93