Paramount Assets Leases Retail Space To Go! Go! Curry In Newark
LEASED
New Jersey
See Similar DealsRetail1,500 SF
LEASED
Paramount Assets Leases Retail Space To Go! Go! Curry In Newark
1 William St, Newark, NJ, 07102
See Similar DealsRetail1,500 SF
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:1500 SF
Transaction Type:Lease
The property asset involved in this transaction is a 1,500-square-foot retail space located at 1 William St, Newark, NJ, 07102. This retail space is situated at the base of the William Flats project, a newly constructed boutique apartment building. The asset is part of a growing commercial landscape that includes other national tenants.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 1 William St, Newark, NJ, 07102
- Landlord: Paramount Assets
- Tenant: Go! Go! Curry
- Tenant's Representative: Ryan Starkman-Pierson Commercial
The deal was completed by Samir Guzman, who is Paramount's executive director of leasing and marketing, representing the ownership. Franchise owners Joy Lumbres and Patrick Lumbres expressed excitement about bringing Go! Go! Curry to Newark and highlighted the professionalism and market knowledge they experienced while working with Paramount Assets during the leasing process.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$85,979.09
Total Lease Value
$859,790.95
Net Landlord Cash Flow$85,979.09
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