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110 Edison Pl, Newark, NJ, ...

Tony Nabhan Of Keller Williams Brokers SportsMed Physical Therapy Lease In Newark, NJ
LEASED

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

Tony Nabhan

Keller Williams Realty

Broker

$18.8M

vol

8 deals

Broker
EP
Edison PropertiesLandlord
ST
SportsMed Physical TherapyTenant

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