Alison Horbach Of Ripco Real Estate Represents Tenant In Lease At 1809 Nj-23 Wayne NJ
1809 Nj-23, Wayne, NJ, 07470
Building Size
1,890 SF
Asset Type
Retail
Closing
Feb 14, 2020
AI
The property is located at 1809 Nj-23, Wayne, NJ, 07470, and consists of a newly constructed standalone building. The leased space encompasses 1,890 square feet and is situated in the Wayne market, making it suitable for retail operations.
Summary of transaction details:
- Property Type: LEASE
- Transaction Amount: Unknown
- Address: 1809 Nj-23, Wayne, NJ, 07470
- Market: Wayne
- Square Feet: 1,890
- Tenant's Representative: Alison Horbach (Ripco Real Estate)
- Tenant: Nothing Bundt Cakes
- Landlord: Unknown
Alison Horbach, representing Nothing Bundt Cakes, played a key role as the exclusive leasing agent for the brand's New Jersey expansion, successfully securing four leases totaling 8,848 square feet across the region. The new lease at Wayne allows Nothing Bundt Cakes to establish a co-tenancy with Starbucks Coffee Company.
Players
Wayne 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