Bussel Realty Leases 2,500 SF Retail Space To First Choice Aquatics At 257 Route 202, Flemington
257 US Route 202
Building Size
2,500 SF
Asset Type
Retail
Closing
Oct 30, 2023
AI
First Choice Aquatics LLC has leased 2,500 square feet of retail space at 257 Route 202 in Flemington. The property is part of a 20,000-square-foot shopping center located near Flemington's major retail hubs. The landlord, 257 Route 202 LLC, facilitated the lease transaction through Bussel Realty Corp, with brokers Chandler Vanderbeek, Connor Vanderbeek, and Steve Bussel representing both the landlord and the tenant.
Summary of transation details
- Property Type: Retail
- Transaction Amount: Not disclosed
- Address: 257 US Route 202, Flemington
- Market: Flemington
- Size: 2,500 square feet
- Landlord: 257 Route 202 LLC
- Tenant: First Choice Aquatics LLC
- Brokers: Chandler Vanderbeek, Connor Vanderbeek & Steve Bussel - Bussel Realty
Bussel Realty Corp played a crucial role in the lease agreement between First Choice Aquatics LLC and 257 Route 202 LLC. With their expertise and negotiation skills, brokers Chandler Vanderbeek, Connor Vanderbeek, and Steve Bussel successfully finalized the deal for the 2,500 square feet retail space in Flemington.
Players
Flemington Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
Loading comparables…
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