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10 Independence Boulevard

Signature Acquisitions Leases Retail Space To Playa Bowls, Aesthetic Center & Yella’s In Warren
LEASEDRetail

Signature Acquisitions Leases Retail Space To Playa Bowls, Aesthetic Center & Yella’s In Warren

10 Independence Boulevard

Building Size

8,158 SF

Asset Type

Retail

Closing

Feb 21, 2024

AI

The retail property located at 10 Independence Boulevard in Warren spans nearly 8,200 square feet and was recently leased by Signature Acquisitions to Dan Harmon's ventures, including a Playa Bowls outlet, an Aesthetic Center, and Yella’s. The strategic location near Interstate 78, medical offices, and major hotels adds to the property's desirability.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 10 Independence Boulevard
  • Market: Warren
  • Square Footage: 8,158
  • Landlord: David Franz - Signature Acquisitions
  • Tenant: Dan Harmon - Playa Bowls ; Aesthetic Center; Yella’s
  • Broker: Marta Villa - CBRE

Marta Villa from CBRE played a crucial role in brokering the lease deal, representing ownership during the negotiations. The lease transaction involved Signature Acquisitions and the businesses of Dan Harmon, marking a significant agreement in the retail space segment.

Players

Marta Villa

CBRE

Broker

$10.1M

vol

15 deals

Broker

Warren 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