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1771 East Edgar Road

Furniture To Go Signs Long-Term Lease With Sunkris Realty For Retail Space In Linden
LEASEDRetail

Furniture To Go Signs Long-Term Lease With Sunkris Realty For Retail Space In Linden

1771 East Edgar Road

Building Size

15,000 SF

Asset Type

Retail

Closing

Nov 12, 2024

AI

The property involved in this transaction is a retail asset located at 1771 East Edgar Road in Linden, with a total square footage of 15,000. The landlord for this property is Sunkris Realty, LLC, which is actively expanding its portfolio through this lease agreement.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Lease Term: long-term
  • Landlord: Sunkris Realty, LLC
  • Tenant: Furniture to Go
  • Brokers: Alana Friedman & David Townes - JLL

Furniture to Go has secured a long-term lease, marking its second store location in the market. JLL represented both Furniture to Go and Sunkris Realty in this transaction, which also includes the acquisition of an adjacent property by the landlord.

Players

David Townes

JLL

Broker

$7.1M

vol

15 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage

Linden 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