L.A. Bikini Leases 1,900 SF Retail Space At Livingston Town Center
1100 Town Center Way
Building Size
1,900 SF
Asset Type
Retail
Closing
Dec 7, 2023
AI
L.A. Bikini, a high-end waxing salon, is set to open its fourth New Jersey location at Livingston Town Center. The salon will be leasing nearly 1,900 square feet on the property's first floor. Livingston Town Center is a two-story, 65,000-square-foot mixed-use space located at 1100-8100 Town Center Way in Livingston.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: Not specified
- Square Footage: 1,900
- Address: 1100-8100 Town Center Way
- Market: Livingston
L.A. Bikini will be represented by Clay Haley. Kevin Pelio of Azarian Realty Group will serve as the landlord's representative in the deal. Kristin Martins of Jeffery Realty will be the tenant's representative. The salon is scheduled to open in the first quarter of 2024.
Players
Livingston 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