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1664 Kennedy Boulevard

Cross River Therapy LLC Leases 3000 Square Feet Retail Space At 1664 Kennedy Boulevard
LEASEDRetail

Cross River Therapy LLC Leases 3000 Square Feet Retail Space At 1664 Kennedy Boulevard

1664 Kennedy Boulevard

$33

$33/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

Nov 1, 2024

AI

The property asset involved in this transaction is a retail space located at 1664 Kennedy Boulevard in Union City. It encompasses a total area of 3,000 square feet. The lease agreement was finalized on November 1, 2024, with AJOR LLC serving as the landlord.

Summary of transation details:

  • Property Type: Retail
  • Transaction Amount: Not Available
  • Address: 1664 Kennedy Boulevard
  • Market: Union City
  • Landlord: AJOR LLC
  • Tenant: Cross River Therapy LLC
  • Square Feet: 3000.0
  • Brokers: Chris Vitiello (Grid Real Estate)

This lease transaction primarily involved Chris Vitiello from Grid Real Estate representing the interests of the landlord, AJOR LLC, and facilitating the agreement with the tenant, Cross River Therapy LLC.

Players

Chris Vitiello

Grid Real Estate

Broker

$12.3M

vol

11 deals

Broker
AL
AJOR LLCLandlord
CL
Cross River Therapy LLCTenant

Union City 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

480696.97%

Cash-on-Cash

-137384.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93