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

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LEASED

New Jersey

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Retail4,000 SF
Leased 07/28/2023
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Property Image
LEASED

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

100 North Avenue Garwood, New Jersey 07027, USA

See Similar Deals
Retail4,000 SF
Leased 07/28/2023
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:4,000 SF
Transaction Type:Lease

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
8 deals$12.5M volume
BROKER

Marta Villa
CBRE
14 deals$10.1M volume(973) 715-8385
BROKER

Details

LEASED
IMAGE: Marta Villa & Samuel Bernhaut DATE: 07/28/2023 ADDRESS: 100 North Avenue MARKET: Garwood ASSET TYPE: Retail ~ SF: 4,000 TENANT: Academy Youth Sports Performance Training BROKERS: Marta Villa & Samuel Bernhaut (@SamuelBernhaut)- CBRE (@CBRE) LEASE TERMS: 10 years NOTE: Marta Villa, and Sam Bernhaut, facilitated lease deals with new tenants. Academy Youth Sports Performance Training signed a 10-year, 4,000-square-foot lease at the Blue-Ribbon Shopping Center in Garwood.

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Deal Type
Effective Rent (Annual)

$229,277.59

Total Lease Value

$2,292,775.86

Net Landlord Cash Flow$229,277.59