Grace Yoga Leases Retail Space At Route 9 Plaza In Old Bridge
1150 Us 9 Old Bridge, Nj 08857, Usa
$25
$25/SF
Building Size
26,000 SF
Asset Type
Retail
Closing
Jun 2, 2023
AI
Grace Yoga will open its second location at Route 9 Plaza in Old Bridge, bringing the shopping center to full occupancy. The boutique yoga studio will be located at 1150 US Highway 9 and will occupy a space of 26,000 square feet. The asking rent for this retail space is $25 per square foot. This addition reflects the growing trend of fitness concepts in the area.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not mentioned
- Address: 1150 US Highway 9, Old Bridge
- Market: Old Bridge
Grace Cairns, the owner of Grace Yoga, will be representing the tenant in this lease agreement. Kendal Hand-Freda from Levin Management Corp. will be representing the landlord in this deal. Michael Sclafani from RE/MAX Central will be acting as the tenant's representative.
Players
New Jersey 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
634520.00%
Cash-on-Cash
-181347.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93