Planet Fitness Leases 15500 Square Feet At Middlesex Corner Represented By Raymond Villafana
125 Bound Brook Road
Building Size
15,500 SF
Asset Type
Retail
Closing
Dec 4, 2024
AI
The property involved in this transaction is located at 125 Bound Brook Road in Middlesex. It is a retail asset with a total square footage of 15,500. The space was previously utilized by ACME supermarket before being leased to Planet Fitness.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 125 Bound Brook Road
- Market: Middlesex
- Asset Size: 15,500 SF
- Tenant: Colleen Keating - Planet Fitness
- Landlord's Representative: Ed Vasconcellos III - LEVIN Management
- Tenant's Representative: Raymond Villafana - Franchise Realty
The lease agreement was negotiated, with Ed Vasconcellos III representing the landlord’s interests and Raymond Villafana representing Planet Fitness in this transaction.
Middlesex 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