Pierson Commercial Represents Goldfish Swim School Leasing At Edison Woods Shopping Center
1004 US Route 1
Building Size
10,401 SF
Asset Type
Retail
Closing
Mar 4, 2024
AI
The retail property located at 1004 US Route 1 in Edison spans 10,401 square feet and was leased by Goldfish Swim School. The landlord, Atlantic Realty Development Co., secured the deal with Pierson Commercial Real Estate representing them, while Davis Commercial acted as the tenant's representative.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 1004 US Route 1
- Market: Edison
- Tenant: Goldfish Swim School
- Landlord: Atlantic Realty Development Co.
- Tenant's Representative: Frank Schiraldi - Davis Commercial
- Landlord's Representative: Gary Krauss - Pierson Commercial Real Estate
Goldfish Swim School has opened a new location in New Jersey at Edison Woods Shopping Center, offering swimming lessons for children aged four months to 12 years. The school's new location joins other tenants such as BJ’s, Chuck E. Cheese, and Dollar Tree in the shopping center
Players
Edison 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