Great Clips Leases Retail Space At 3010 Nj-35, Hazlet With OASG Hazlet LLC
3010 Nj-35, Hazlet, NJ, 07730
Building Size
1,275 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
The property asset involved in the transaction is a retail space located at 3010 Nj-35, Hazlet, NJ, 07730, occupying a total of 1,275 square feet. It is situated in the Hazlet market, known for its diverse retail offerings.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 3010 Nj-35, Hazlet, NJ, 07730
- Tenant: Great Clips
- Landlord: OASG Hazlet LLC/Onyx Equities
- Tenant's Representative: Ryan Feldman - Alliance Retail Development
The transaction involved Ryan Feldman representing Great Clips in the leasing process, while OASG Hazlet LLC/Onyx Equities acted as landlords. This deal is part of a larger trend in which eight tenants have combined to lease more than 42,000 square feet of retail space across northern and central New Jersey.
Players
Hazlet 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