Serena & Lily Leases 4940 Square Feet At 428 Springfield Ave Summit NJ Represented By John Auber
428 Springfield Ave, Summit, NJ, 07901
Building Size
4,940 SF
Asset Type
—
Closing
Nov 20, 2023
AI
The property involved in this transaction is located at 428 Springfield Ave, Summit, NJ, 07901. The asset encompasses a total area of 4,940 square feet and is situated in the Summit market.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Square Feet: 4,940
- Address: 428 Springfield Ave, Summit, NJ, 07901
- Market: Summit
- Tenant: Serena & Lily
- Landlord: FCA
- Tenant's Representative: John Auber
This transaction features key individuals and companies involved in the lease agreement, including the landlord FCA and the tenant Serena & Lily, represented by John Auber. This information highlights the parties engaged in the leasing process without reiterating prior details about the property size or address.
Players
Summit 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