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New Horizon Properties Leases Retail Space In Farmingdale To Jersey Mike's Subs

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LEASED

New Jersey

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Retail1,500 SF
Leased 10/27/2021
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LEASED

New Horizon Properties Leases Retail Space In Farmingdale To Jersey Mike's Subs

1175 New Jersey 33, Farmingdale, NJ, USA

See Similar Deals
Retail1,500 SF
Leased 10/27/2021
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Summary

NEW JERSEY
Asset Type:Retail
Total Square Footage:1,500 SF
Transaction Type:Lease

Jersey Mike's Subs has leased a retail space located at 1175 Route 33 in Farmingdale. The property, with a size of 1,500 square feet, is owned by New Horizon Properties, LLC. The lease transaction was facilitated by Jarrad Coletta from Coletta Commercial Realty and Urszula Zoltek from Zoltek Realty. The lease type is NNN Lease, with an asking rent of $24 per square foot.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not available
  • Address: 1175 Route 33, Farmingdale
  • Market: Farmingdale
  • Landlord: New Horizon Properties, LLC
  • Tenant: Jersey Mike's Subs
  • Brokers: Jarrad Coletta from Coletta Commercial Realty, Urszula Zoltek from Zoltek Realty
  • Asking Rent: $24 per square foot
  • Lease Type: NNN Lease

Jarrad Coletta and Urszula Zoltek played significant roles as brokers in facilitating the lease deal between the landlord, New Horizon Properties, LLC, and the tenant, Jersey Mike's Subs. They represented their respective agencies, Coletta Commercial Realty and Zoltek Realty, in the transaction.

Players

Jarrad Coletta
10 deals$15.1M volume
BROKER

Urszula Zoltek
2 deals
BROKER

TENANT

Details

LEASED
IMAGE: Jarrad Coletta DATE: 10/27/2021 ADDRESS: 1175 Route 33 MARKET: Farmingdale ASSET TYPE: Retail LANDLORD: New Horizon Properties, LLC TENANT: Jersey Mike's Subs BROKERS: Jarrad Coletta (@JarradColetta) Coletta Commercial Realty (@Coletta_Commercial); Urszula Zoltek (@Zoltekcre) - Zoltek Realty ASKING RENT: $24/ft. ~ SF: 1,500 LEASE TYPE: NNN Lease

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Deal Type
Effective Rent (Annual)

$85,979.09

Total Lease Value

$859,790.95

Net Landlord Cash Flow$85,979.09