Updated Oct 29, 2024
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
About this deal
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
New Jersey 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
1321916.67%
Cash-on-Cash
-377807.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93