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:
- Property Type: Retail
- Transaction Amount: Not specified
- Tenant: David Simmons - Caliber Collision
- Landlord's Rep: John Ostrowski & Neil Goldstein - The Goldstein Group
- Tenant's Rep: Justin Korinis & Sean Pyle - Sabre Real Estate Group
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
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