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1515 Broad St, Bloomfield, ...

William McCaffrey Of Avison Young Leases 20,000 Sq Ft Mixed-Use Space In Bloomfield
LEASEDMixed-use

William McCaffrey Of Avison Young Leases 20,000 Sq Ft Mixed-Use Space In Bloomfield

1515 Broad St, Bloomfield, NJ, 07003

Building Size

20,000 SF

Asset Type

Mixed-use

Closing

Nov 22, 2023

AI

Located at 1515 Broad St in Bloomfield, NJ, this mixed-use property spans 20,000 square feet in the Bloomfield market.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: Not mentioned
  • Landlord: Shelbourne Global
  • Landlord's Representative: William (Bill) McCaffrey (Avison Young)
  • Square Feet: 20,000
  • Tenants: Acosta

William McCaffrey from Avison Young served as the landlord's representative in the leasing transaction with Acosta. The property continues to attract leading businesses in the Bloomfield market, showcasing its competitiveness in the current real estate landscape.

Players

William McCaffrey

Avison Young

Broker

6 deals

Broker
SG
Shelbourne GlobalLandlord

Bloomfield 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