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March Construction Leases Retail Space On Hooper Avenue In Toms River, NJ To At&t, Pizza Hut, Salad House & Veterinary Clinic

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LEASED
Dina Santarelli
Sean Pyle
+ 1

New Jersey

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Retail12,502 SF
Leased 10/06/2022
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Property Image
LEASED

March Construction Leases Retail Space On Hooper Avenue In Toms River, NJ To At&t, Pizza Hut, Salad House & Veterinary Clinic

1882 Hooper Avenue, Toms River, New Jersey 08753, United States

See Similar Deals
Retail12,502 SF
Leased 10/06/2022
Dina Santarelli
Sean Pyle
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Total Square Footage:12,502 SF
Transaction Type:Lease

The retail property located at 1882 Hooper Avenue in Toms River, NJ has recently been leased. The lease was finalized on 10/06/2022. The asset spans across a total area of 12,502 square feet. The landlord for this property is March Construction, while the tenants include At&t, Pizza Hut, Salad House, and Veterinary Clinic. The lease transaction was facilitated by several brokers, including Mario Brunelli from R.J. Brunelli & Co. (RJBCO), Sam Kates from GK Commercial Realty Group, Dina Santarelli, Sean Pyle, and Justin Korinis from Sabre Real Estate, and Jack Kahn from Jack Kahn Realty Services. The asking rent for the property was $28 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Date: 10/06/2022
  • Address: 1882 Hooper Avenue, Toms River, NJ
  • Landlord: March Construction
  • Tenants: At&t, Pizza Hut, Salad House, and Veterinary Clinic
  • Brokers: Mario Brunelli - R.J. Brunelli & Co. (RJBCO); Sam Kates - GK Commercial Realty Group; Dina Santarelli, Sean Pyle, and Justin Korinis - Sabre Real Estate; Jack Kahn - Jack Kahn Realty Services
  • Asking Rent: $28/ft.
  • Square Footage: 12,502 sq. ft.

This lease transaction highlights the collaborative efforts of multiple brokers in securing tenants for the retail property at 1882 Hooper Avenue. The involvement of Mario Brunelli from R.J. Brunelli & Co. (RJBCO), Sam Kates from GK Commercial Realty Group, Dina Santarelli, Sean Pyle, and Justin Korinis from Sabre Real Estate, and Jack Kahn from Jack Kahn Realty Services demonstrates the comprehensive approach undertaken to attract high-profile tenants such as At&t, Pizza Hut, Salad House, and Veterinary Clinic. The successful leasing of this property showcases the demand for retail spaces in Toms River, NJ.

Players

9 deals$76.6M volume
BROKER


Dina Santarelli
Sabre Real Estate Group
2 deals
BROKER

Justin Korinis
Sabre Real Estate Group
2 deals
BROKER

TENANT

Pizza Hut
TENANT

Details

LEASED
IMAGE: Mario Brunelli DATE: 10/06/2022 ADDRESS: 1882 Hooper Avenue MARKET: Toms River, NJ ASSET TYPE: Retail LEASE IMAGE: Mario Brunelli DATE: 10/06/2022 ADDRESS: 1882 Hooper Avenue MARKET: Toms River, NJ ASSET TYPE: Retail LANDLORD: March Construction TENANT: At&t, Pizza Hut, Salad House & Veterinary Clinic BROKERS: Mario Brunelli (@MrBrunelli88) - R.J. Brunelli & Co. (RJBCO); Sam Kates - GK Commercial Realty Group; Dina Santarelli, Sean Pyle & Justin Korinis - Sabre Real Estate; Jack Kahn - Jack Kahn Realty Services ASKING RENT: $28/ft. ~ SF: 12,502

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Deal Type
Effective Rent (Annual)

$716,607.10

Total Lease Value

$7,166,070.96

Net Landlord Cash Flow$716,607.10