MedExpress Inks Lease With RT 35 Wall Promenade LLC For 4750 Square Feet In Wall Township
1919 Nj-35, Wall Township, NJ, 07719
Building Size
4,750 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
The property at 1919 Nj-35, Wall Township, NJ, 07719, encompasses a total of 4,750 square feet. It is situated in the Belmar market and is part of a lease transaction involving the landlord RT 35 Wall Promenade LLC and the tenant MedExpress.
Summary of transaction details:
- Property Type: Lease
- Transaction Amount: Not specified
- Address: 1919 Nj-35, Wall Township, NJ, 07719
- Market: Belmar
- Square Feet: 4,750
- Tenant's Representative: Jerry Welkis
- Landlord: RT 35 Wall Promenade LLC
- Tenant: MedExpress
The deal was facilitated by Jerry Welkis, representing the tenant, MedExpress. The landlord involved in this transaction is RT 35 Wall Promenade LLC, indicating the organizations engaged in this lease agreement.
Players
Belmar 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