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1150 Us 9 Old Bridge, Nj 08...

Grace Yoga Leases Retail Space At Route 9 Plaza In Old Bridge
LEASEDRetail

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

Kendal Hand-Freda

Broker

2 deals

Broker

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