Joey Allaham Leases Retail Space To Hot Beauty At 284 Main Street, Paterson For 10 Years
LEASED
$40
New Jersey
See Similar DealsRetail8,000 SF
Leased 12/02/2024
LEASED
Joey Allaham Leases Retail Space To Hot Beauty At 284 Main Street, Paterson For 10 Years
284 Main Street
See Similar DealsRetail8,000 SF
Leased 12/02/2024
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$40
Total Square Footage:8,000 SF
Transaction Type:Lease
The retail asset located at 284 Main Street in the Paterson market has a lease term of 10 years and a modified gross lease type. The asking rent is set at $40 per square foot, encompassing a total area of 8,000 square feet.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $320,000
- Address: 284 Main Street
- Market: Paterson
- Landlord: Joey Allaham
- Tenant: Hot Beauty
- Broker: Josh Augenbaum - Augenbaum Realty
This lease was facilitated by broker Josh Augenbaum, representing the interests of the landlord Joey Allaham in this transaction. The tenant, Hot Beauty, will occupy the space under the terms established in the lease agreement.
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Deal Type
NNN (Triple Net)
Effective Rent (Annual)
$366,844.14
Total Lease Value
$3,668,441.38
Net Landlord Cash Flow$366,844.14
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