Updated Oct 28, 2024
Happys ROTI Delight LLC Signs 10-year Lease For Retail Space In Orange, NJ
242 Main Street, Orange, NJ, USA
Building Size
3,160 SF
Asset Type
Retail
Closing
Aug 30, 2021
About this deal
AI
Located at 242 Main Street in Orange, NJ, a retail property was recently leased. The transaction took place on August 30, 2021. The property spans approximately 3,160 square feet, and the asking rent was $30 per square foot. The tenant, Happys ROTI Delight LLC, signed a 10-year lease with two 5-year options. The landlord is Isaac Kairey, representing 242 Main Street NSKA LLC.
Summary of transaction details:
- Property Type: Retail
- Address: 242 Main Street, Orange, NJ
- Market: Orange, NJ
- Tenant: Happys ROTI Delight LLC
- Landlord: Isaac Kairey - 242 Main Street NSKA LLC
- Asking Rent: $30/ft.
- Square Footage: 3,160
The lease deal was facilitated by Christopher Conway, Lew Finkelstein, and CJ Huter of The Goldstein Group, representing Happys ROTI Delight LLC.
Players
Orange Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
Deal FAQ
Browse New Jersey retail leases on Traded.
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