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28 S Dean St Englewood, NJ ...

The KABR Group's Englewood Headquarters Signs Retail Leases At 28-46 South Dean Street
LEASEDRetail

The KABR Group's Englewood Headquarters Signs Retail Leases At 28-46 South Dean Street

28 S Dean St Englewood, NJ 07631, USA

$25

$25/SF

Building Size

4,220 SF

Asset Type

Retail

Closing

Aug 10, 2023

AI

The KABR Group's Englewood headquarters at 28-46 South Dean Street has signed two retail leases totaling 4,606 square feet. Laser Away and SUOFEIYA will occupy spaces in the recently upgraded mixed-use building, which also houses over 14 national retailers and offers 345 covered parking garages.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 28-46 South Dean Street
  • Market: Englewood
  • Landlord: The KABR Group - Michael Goldstein
  • Tenant: Laser Away & SUOFEIYA
  • Landlord's Representative: Deborah Stone - RIPCO Real Estate
  • Tenant's Representative: Michael Miller - SCG Retail
  • Asking Rent: $25/ft.
  • Square Footage: 4,220

In this transaction, Laser Away and SUOFEIYA have signed leases to occupy a total of 4,606 square feet in the mixed-use building located at 28-46 South Dean Street in Englewood. The building has undergone recent upgrades and already houses over 14 national retailers. Additionally, it offers 345 covered parking garages. The KABR Group, led by Michael Goldstein, serves as the landlord in this deal, with Deborah Stone from RIPCO Real Estate representing the landlord's interests. On the other side, Michael Miller from SCG Retail represents Laser Away and SUOFEIYA as their tenant's representative.

Players

Deborah Stone

Ripco

Broker

6 deals

Broker
KABR Group
KABR GroupLandlord

Englewood 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

634520.00%

Cash-on-Cash

-181347.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93