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44 Olive Street,New Haven, CT

Rock Spot Climbing Leases Retail Space At 44 Olive Street In New Haven, CT
LEASEDRetail

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

Nathaniel Mallon

Verada

Broker

$9.8M

vol

24 deals

Broker

Adam America

Northlink Capital

Landlord

$289.6M

vol

12 deals

Landlord

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