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10 North Wood Avenue

SportsMed Physical Therapy Leases 2,600 SF Retail Space In Linden, NJ
LEASEDRetail

SportsMed Physical Therapy Leases 2,600 SF Retail Space In Linden, NJ

10 North Wood Avenue

Building Size

2,600 SF

Asset Type

Retail

Closing

Oct 18, 2023

AI

SportsMed Physical Therapy has leased 2,600 square feet of retail space at 10 North Wood Avenue in Linden, New Jersey. The property, arranged by Lee & Associates New Jersey, is now fully occupied.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Square Footage: 2,600
  • Address: 10 North Wood Avenue, Linden, New Jersey
  • Market: Linden

The deal was facilitated by Erica Davidson and Kyle Janoczkin of Lee & Associates, who represented the landlord. The tenant, SportsMed Physical Therapy, was represented by Edwin Flores, George Marogi, and Tony Nabhan from Keller Williams.

Players

Tony Nabhan

Keller Williams Realty

Broker

$18.8M

vol

8 deals

Broker
ST
SportsMed Physical TherapyTenant

Linden 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