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253 Hurffville - Cross Keys...

Woodmont Properties Leases 1500 Square Feet To Vivian’s Nails N’ Spa At 253 Hurffville - Cross Keys Rd
LEASEDRetail

Woodmont Properties Leases 1500 Square Feet To Vivian’s Nails N’ Spa At 253 Hurffville - Cross Keys Rd

253 Hurffville - Cross Keys Rd, Washin...

Building Size

1,500 SF

Asset Type

Retail

Closing

Nov 20, 2023

AI

The property lease involves a retail space located at 253 Hurffville - Cross Keys Rd in Washington Township. This lease encompasses 1,500 square feet of area and is part of a new standalone retail building within the Washington Square Town Center project, which will feature additional retail space in the future.

Summary of transaction details:

  • Property Type: Retail Lease
  • Transaction Amount: Not Disclosed
  • Landlord: Woodmont Properties
  • Tenant: Vivian’s Nails N’ Spa
  • Landlord's Representative: Joe Raniszewski - MSC Retail
  • Other Tenants: PetCheck Urgent Care (2,600 sq ft), Strive Physical Therapy and Sports Rehabilitation (2,100 sq ft)
  • Total Square Footage of Retail Building: 10,000 sq ft

The leasing transactions were facilitated by Joe Raniszewski from MSC Retail, who represented both Atkins Cos. and Woodmont Properties. The Washington Square Town Center project is designed to be a mixed-use community that will include retail, residential apartments, townhomes, and a medical office building. The center aims to establish vibrant retail operations to enhance the community's appeal.

Players

Joe Raniszewski

MSC Retail

Broker

1 deal

Broker
WP
Woodmont PropertiesLandlord

Market Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

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