Versi Vino Leases 2600 SF Commercial Space In Maple Shade Plaza
461 Nj-38, Maple Shade Township, NJ...
Building Size
2,600 SF
Asset Type
Commercial
Closing
Nov 22, 2023
AI
The property involved in the transaction is a commercial asset located at 461 Nj-38, Maple Shade Township, NJ. The location provides a total square footage of 2,600 within a shopping plaza, situating it near the Cherry Hill and Moorestown malls. The asset is now leased to Versi Vino, a wine lounge specializing in unique wines and upscale cuisine, following its lease agreement in the Maple Shade market.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: Not specified
- Address: 461 Nj-38, Maple Shade Township, NJ
- Landlord: Piyush Amin of VP 38 Realty LLC
- Tenant: Versi Vino
- Landlord's Rep: Monica Walsh - Vantage RES
- Tenant's Rep: Not specified
Monica Walsh and Peter Abdallah, directors of client services at Vantage Real Estate Services, facilitated the leasing process by working collaboratively with both the landlord and tenant. Their professionalism was recognized by the owners of Versi Vino, who expressed gratitude for their personalized service and support throughout the lease negotiation and planning processes. Additionally, the shopping center where the asset is located has now been fully leased following the completion of this transaction.
Players
Maple Shade Commercial Market Snapshot
Boundary boundary · Commercial · 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