Tony Nabhan Of Keller Williams Brokers SportsMed Physical Therapy Lease In Newark, NJ
110 Edison Pl, Newark, NJ, 07102
Building Size
2,124 SF
Asset Type
—
Closing
Nov 22, 2023
AI
The property located at 110 Edison Pl, Newark, NJ, 07102, in Newark, spans 2,124 square feet. The lease involved the tenant SportsMed Physical Therapy and the landlord Edison Properties, with Tony Nabhan from Keller Williamsrepresenting the tenant in the transaction.
Summary of transation details:
- Property Type: Lease
- Transaction Amount: Not Applicable
- Tenant: SportsMed Physical Therapy
- Landlord: Edison Properties
- Square Feet: 2124
- Tenant's Rep: Tony Nabhan(Keller Williams)
The deal's key individuals included Tony Nabhan representing SportsMed Physical Therapy in the lease transaction at 110 Edison Pl. SportsMed Physical Therapy secured the space within the building owned by Edison Properties, showcasing a collaboration between the tenant, landlord, and the tenant's representative in this commercial lease.
Players
Newark CRE Market Snapshot
Boundary boundary · CRE · Lease transactions
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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