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
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