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
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