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1771 East Edgar Road

Furniture To Go Leases Retail Space At 1771 East Edgar Road In Linden For $22/ft
LEASEDRetail

Furniture To Go Leases Retail Space At 1771 East Edgar Road In Linden For $22/ft

1771 East Edgar Road

$22

$22/SF

Building Size

15,000 SF

Asset Type

Retail

Closing

Oct 30, 2024

AI

The property asset involved in this transaction is a retail space located at 1771 East Edgar Road in Linden. The lease type is a NNN Lease, with an asking rent of $22 per square foot and a total area of 15,000 square feet.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $22/ft
  • Address: 1771 East Edgar Road
  • Market: Linden
  • Asset Type: Retail
  • Tenant: Furniture To Go
  • Brokers: David Townes & Alana Friedman - JLL

The deal was represented by brokers David Townes and Alana Friedman from JLL, who facilitated the transaction for the tenant, Furniture To Go. This representation highlights the expertise of the brokers in navigating retail property leases.

Players

David Townes

JLL

Broker

$7.1M

vol

15 deals

Broker

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

721045.45%

Cash-on-Cash

-206077.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93