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
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