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100 North Avenue Garwood, N...

Academy Youth Sports Performance Training Signs 10-Year Lease At Blue-Ribbon Shopping Center In Garwood
LEASEDRetail

Academy Youth Sports Performance Training Signs 10-Year Lease At Blue-Ribbon Shopping Center In Garwood

100 North Avenue Garwood, New Jersey 07027, USA

Building Size

4,000 SF

Asset Type

Retail

Closing

Jul 28, 2023

AI

A 4,000-square-foot retail property located at 100 North Avenue in Garwood has been leased. The lease was facilitated by brokers Marta Villa and Samuel Bernhaut of CBRE. The property, situated at the Blue-Ribbon Shopping Center, will be occupied by Academy Youth Sports Performance Training for a period of 10 years.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 100 North Avenue, Garwood
  • Market: Garwood
  • Square Footage: 4,000
  • Tenant: Academy Youth Sports Performance Training
  • Brokers: Marta Villa & Samuel Bernhaut - CBRE

Marta Villa and Samuel Bernhaut from CBRE successfully negotiated a 10-year lease agreement with Academy Youth Sports Performance Training for the retail space at the Blue-Ribbon Shopping Center. This lease deal represents an opportunity for Academy Youth Sports Performance Training to establish and operate their sports training facility in the vibrant market of Garwood.

Players

Samuel Bernhaut

CBRE

Broker

$12.5M

vol

8 deals

Broker

Southend-On-Sea 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