The UPS Store Signs Lease At The Bridgewater Shops In Bridgewater New Jersey
1300 Prince Rodgers Avenue
Building Size
1,826 SF
Asset Type
Retail
Closing
Feb 4, 2025
AI
The asset involved in the transaction is a retail space totaling 1,826 square feet located at 1300 Prince Rodgers Avenue in Bridgewater. The lease was executed in the Bridgewater market, involving commercial space designated for business operations.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 1300 Prince Rodgers Avenue
- Landlord: 1329 Bridgewater MGMT LLC
- Tenant: The UPS Store
- Landlord's Representative: Darren Lizzack & Randy Horning - NAI James E. Hanson
- Tenant's Representative: RIPCO Real Estate
- Date of Transaction: 02/04/2025
The UPS Store will occupy the space as a tenant with plans for opening in spring 2025. NAI James E. Hanson’s Team Lizzack-Horning played a critical role in representing the landlord in this lease agreement, ensuring that the interests of 1329 Bridgewater MGMT LLC were effectively managed during the transaction. RIPCO Real Estate facilitated the tenant's side of the deal, representing The UPS Store.
Players
Bridgewater 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