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2260 Route 22 E

Caliber Collision Leases Retail Space In Union NJ Via Sabre Real Estate Group
LEASEDRetail

Caliber Collision Leases Retail Space In Union NJ Via Sabre Real Estate Group

2260 Route 22 E

Building Size

11,815 SF

Asset Type

Retail

Closing

Feb 28, 2024

AI

An 11,815-square-foot retail space located at 2260 Route 22 East in Union, Northern New Jersey, built in 2000, has been leased by Caliber Collision. The lease was facilitated by The Goldstein Group representing the landlord and Sabre Real Estate Advisors representing Caliber Collision.

Summary of transaction details:

David Simmons is the individual from Caliber Collision involved in the lease agreement. The Goldstein Group, with representatives John Ostrowski and Neil Goldstein, acted on behalf of the landlord. On the tenant side, Justin Korinis and Sean Pyle from Sabre Real Estate Advisors served as the representatives for Caliber Collision in this transaction.

Players

Neil Goldstein

The Goldstein Group

Broker

$14M

vol

6 deals

Broker

Union 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