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222 Main Street, Ridgefield...

Blu Flowers And Gifts Signs Lease At 222 Main St. In Ridgefield Park
LEASEDRetail

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

Josh Krantz

Lee & Associates

Broker

$18.5M

vol

6 deals

Broker
Lee & Associates
Lee & AssociatesLandlord

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