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1 Housel Circle Hillsboroug...

Larken Associates Leases Retail Space To Yoga M.A.T.T. At Hillsborough Village Center In Hillsborough
LEASEDRetail

Larken Associates Leases Retail Space To Yoga M.A.T.T. At Hillsborough Village Center In Hillsborough

1 Housel Circle Hillsborough Township, New Jersey 08844, Usa

Building Size

1,741 SF

Asset Type

Retail

Closing

Jun 27, 2023

AI

Larken Associates has secured a lease for Yoga M.A.T.T., a small-group functional training facility, at Hillsborough Village Center in Hillsborough. The retail space spans 1,741 square feet and is located at 1 Housel Circle. The market for this property is Hillsborough, offering a prime location for Yoga M.A.T.T. to serve its clients.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not Applicable
  • Address: 1 Housel Circle
  • Market: Hillsborough
  • Landlord: Larken Associates
  • Tenant: Yoga M.A.T.T. - Christine Beckelman
  • Broker: Rob Marek - Raider Realty

This lease agreement was facilitated by Rob Marek of Raider Realty, who represented Yoga M.A.T.T. in the negotiation process. Hillsborough Village Center is a mixed-use community that offers luxury multifamily units and various amenities. Yoga M.A.T.T. will join other retail businesses in the development, providing a convenient and accessible fitness option for the residents and visitors of Hillsborough.

Players

Rob Marek

Raider Realty

Broker

3 deals

Broker
LA
Larken AssociatesLandlord

New Jersey Retail Market Snapshot

Boundary boundary · Retail · 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