facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Retail

/

Lease

/

171 Us 1 Metuchen, Nj 08840...

Azarian Realty Co. Secures Lease With Crème De La Crème Loft At Plaza K Shopping Center
LEASEDRetail

Azarian Realty Co. Secures Lease With Crème De La Crème Loft At Plaza K Shopping Center

171 Us 1 Metuchen, Nj 08840, Usa

$12

$12/SF

Building Size

2,615 SF

Asset Type

Retail

Closing

Jun 21, 2023

AI

Azarian Realty Co. has secured a lease agreement with event company Crème de la Crème Loft for a space at Plaza K Shopping Center in Woodbridge. The property is located at 171-185 Route 1 in Metuchen, and it is a retail space. The total square footage of the space is 2,615 square feet. The asking rent for the lease is $12 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: Lease
  • Date: 06/21/2023
  • Address: 171-185 Route 1, Metuchen
  • Market: Metuchen
  • Tenant: Crème de la Crème Loft
  • Landlord's Rep: Kevin Pelio - Azarian Realty Co
  • Tenant's Rep: Koa Thomas-Fredericks - EXP Realty
  • Asking Rent: $12/ft.
  • SF: 2,615

Kevin Pelio from Azarian Realty Co represents the landlord in this lease transaction, while Koa Thomas-Fredericks from EXP Realty represents the tenant, Crème de la Crème Loft.

Players

Kevin Pelio

Azarian Realty Group

Broker

9 deals

Broker

New Jersey Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1321916.67%

Cash-on-Cash

-377807.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93