Fast Bagel Leases 2,093 SF Retail Space At Plaza K In Woodbridge With Broker Kevin Pelio - Azarian Realty Co
181 US Route 1
Building Size
2,093 SF
Asset Type
Retail
Closing
Nov 9, 2023
AI
Fast Bagel has leased 2,093 sq. ft. of retail space at 181 US Route 1 in Metuchen. The property is located within Plaza K, which is a 30,000 sq. ft. shopping center in Woodbridge. The lease transaction was finalized on 11/09/2023.
Summary of transaction details
- Property Type: Retail
- Square Footage: 2,093
- Address: 181 US Route 1, Metuchen
- Market: Woodbridge
The tenant, Fast Bagel, was represented by Spencer Peller during the lease negotiations. The landlord was represented by Kevin Pelio of Azarian Realty Co. Kevin Pelio acted as the broker for both the tenant and landlord in this transaction.
Players
Metuchen 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