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
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