Blu Flowers And Gifts Signs Lease At 222 Main St. In Ridgefield Park
222 Main Street, Ridgefield Park, NJ, USA
Building Size
1,900 SF
Asset Type
Retail
Closing
May 25, 2020
AI
Blu Flowers and Gifts has signed a lease for a retail space located at 222 Main St. in Ridgefield Park. The property, with a square footage of 1,900, was leased from Lee Receivership Management LLC. The transaction was facilitated by Josh Krantz of Lee & Associates New Jersey, who represented the landlord.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: N/A
- Address: 222 Main St., Ridgefield Park
- Tenant: Blu Flowers and Gifts
- Landlord: Lee Receivership Management LLC
- Broker: Josh Krantz - Lee & Associates New Jersey
- Asking Rent: $15/ft.
- Square Footage: 1,900
The lease agreement was signed on 05/25/2021. Blu Flowers and Gifts will occupy the retail space, which is located on Main St. in Ridgefield Park's market.
Players
Ridgefield Park 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