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
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