LEASEDRetail
Target Park USA Leases Retail Space At 21-33 Edison Place In Newark, NJ
21 Edison Pl, Newark, NJ 07102, USA
$8
$8/SF
Building Size
60,000 SF
Asset Type
Retail
Closing
Apr 5, 2023
AI
The retail property located at 21-33 Edison Place in Newark, NJ has been leased in a recent transaction. The property, with a total square footage of 60,000 square feet, was leased by Target Park for an undisclosed duration.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 21-33 Edison Place, Newark, NJ
- Market: Newark, NJ
Booth Street, represented by Brian Doyle & Greg Parassio, acted as the brokers in this lease deal.
Players
New Jersey 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
1982875.00%
Cash-on-Cash
-566711.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93