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1 Broad Avenue

Cohen Asset Management Leases 12,109 SF To Tenants In Fairview At 1 Broad Avenue
LEASEDMixed-use

Cohen Asset Management Leases 12,109 SF To Tenants In Fairview At 1 Broad Avenue

1 Broad Avenue

Building Size

12,109 SF

Asset Type

Mixed-use

Closing

Jun 17, 2025

AI

The property involved in this transaction is located at 1 Broad Avenue in Fairview, with a total square footage of 12,109. It is categorized as mixed-use and is part of a larger industrial property totaling 69,202 square feet that has reached full occupancy following the leasing activities.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not specified
  • Address: 1 Broad Avenue
  • Market: Fairview
  • Asset Size: 12,109 SF
  • Landlord: Cohen Asset Management
  • Brokers: Andrew Somple & Jessica Curry - NAI James E. Hanson

Andrew Somple and Jessica Curry, representing the landlord Cohen Asset Management, facilitated the leases with two tenants: a baseball training facility and a custom metalworks interior design firm, contributing to the property achieving full occupancy.

Players

Andrew Somple

NAI James E. Hanson

Broker

$60.3M

vol

12 deals

Broker
NAI James E. Hanson
NAI James E. HansonBrokerage
Cohen Asset Management
Cohen Asset ManagementLandlord

Fairview Mixed-use Market Snapshot

Boundary boundary · Mixed-use · 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