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118 U.S. 9, Englishtown, NJ...

Profile By Sanford Leases Retail Space At 118 U.S. 9, Englishtown, NJ
LEASEDRetail

Profile By Sanford Leases Retail Space At 118 U.S. 9, Englishtown, NJ

118 U.S. 9, Englishtown, NJ, 07726

Building Size

2,380 SF

Asset Type

Retail

Closing

Dec 5, 2019

AI

Located in Marlboro Plaza in Englishtown, NJ, the 2,380-square-foot retail space secured by Basser Kaufman will serve as the new home for health and weight loss company Profile by Sanford. The Plaza, boasting a 303,503-square-foot shopping center, recently underwent renovations, including a new façade and updated parking, to enhance the overall shopping experience. Key tenants in the area include Hobby Lobby, T.J. Maxx, Kohl’s, and PetSmart.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not provided
  • Tenant: Profile by Sanford
  • Square Feet: 2380
  • Address: 118 U.S. 9, Englishtown, NJ, 07726
  • Market: Englishtown
  • Tenant's Rep: Marc Shein (NAI Capital)

During the lease negotiations for the retail space, Marc Shein from NAI Capital represented Profile by Sanford, ensuring a smooth 10-year agreement. Basser Kaufman, self-represented in the deal, successfully facilitated the lease for the health and weight loss company, underscoring their commitment to providing quality retail spaces for diverse businesses in the region.

Players

Marc Shein

NAI Global

Broker

$22.5M

vol

8 deals

Broker

Englishtown 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