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.
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