AM/PM Walk-In Urgent Care Leases 3,474 SF Medical Office In Englewood
300 Grand Avenue Englewood, New Jersey 07631, USA
Building Size
3,474 SF
Asset Type
Medical Office
Closing
Jul 13, 2023
AI
The lease agreement for a medical office space at 300 Grand Ave in Englewood, New Jersey has been facilitated by NAI James E. Hanson. The space spans a total of 3,474 square feet and is intended for AM/PM Walk-In Urgent Care, who are expanding their presence in Englewood. 300 Grand Ave is a highly visible property that offers convenient access for patients and aligns with the urgent care clinic's strategic expansion plans across Bergen County.
Summary of transaction details
- Property Type: Medical Office
- Transaction Amount: Lease
- Address: 300 Grand Avenue
- Market: Englewood
- SF: 3,474
The lease agreement was facilitated by Anthony Cassano from NAI James E. Hanson, representing the tenant, AM/PM Walk-In Urgent Care. Alza Unc 74 Grand Ave Englewood NJ 07631 acted as the landlord in this transaction.
Players
New Jersey Medical Office Market Snapshot
Boundary boundary · Medical Office · 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