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
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